Class Changes Planned

The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee is beginning work on its next regulatory filing.  Already in the works are plans to reassign employers covered by some of California’s workers’ comp classifications. Among them are mining classifications and biomedical research facilities. In the latter case, the Bureau is recommending the inclusion of … Read More »

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Employer’s Classification Challenge Under Review

A non-profit foundation that operates a senior assisted living center is challenging the workers’ comp classification assignment for three part-time clerical staff to class 9007 instead of the standard clerical classification in 8810. Class 9007 covers “all other employees” at senior homes and carries a rate of $3.20 per $100 of payroll compared to just … Read More »

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Pandemic-Related Claims Down in 2021

The Workers’ Compensation Insurance Rating Bureau reports that claims from workplace exposure to the SARS-CoV-2 virus resulting in workers’ comp claims all but disappeared from March through July this year. But researchers expect a rebound in the second half of the year following the higher infection rates seen from the Delta variant. The Bureau is … Read More »

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CDI Averages Frequency Projections For Rate Decision

Insurance Commissioner Ricardo Lara approved September 1, 2021, pure premium advisory rates that essentially split the difference between the insurance industry’s request for a 2.7% rate increase and an independent actuary’s recommendation for an 8.2% decrease. The final recommendation for a 3.4% decrease was not the only place where the California Department of Insurance divided … Read More »

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Numbers and More Numbers

Last month, the Workers’ Compensation Insurance Rating Bureau (WCIRB) released its annual State of the System report.  It is an important document for those who want to see what is … Read More »

CDI Focuses On Frequency in Workers’ Comp Rate Filing

The California Department of Insurance continues to review the insurance industry’s request for a 2.7% workers’ comp rate hike. Documents obtained by Workers’ Comp Executive indicate that an important area of focus is the Workers’ Compensation Insurance Rating Bureau’s indemnity claim frequency projection. The difference between the Bureau’s projection and one developed by an independent … Read More »

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The Case For a Workers’ Comp Rate Cut

The insurance industry officially asked Insurance Commissioner Ricardo Lara to approve a 2.7% hike in California’s advisory workers’ comp pure premium rates as of September 1, 2021. Employers are backing an alternative recommendation for an 8.2% decrease based on the analysis by actuary Mark Priven of Bickmore on behalf of the public members to the … Read More »

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Bureau Combines Circuses and Theaters

The Workers’ Compensation Insurance Rating Bureau’s next regulatory filing will include a proposal to split the current class covering carnivals and circuses. The plan is to have the handful of risks operating circuses move to the state’s theater classification. The Bureau is a private organization with quasi-governmental responsibility. It is financially supported exclusively by insurance … Read More »

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