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WCIRB Implementing New Expression for Pure Premium

Beginning with the next rate filing, the benchmark of California workers’ compensation pure premium rates on will be expressed upon rates actually being charged by carriers in the market. The Workers’ Compensation Insurance Rating Bureau is being required to begin expressing the recommended pure premium rates based on market rates by the California Department of … Read More »

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RIP Joe Havlick, Workers’ Comp Industry Maven

As Workers’ Comp Executive reported last week Joe Havlick, one of the original leaders of California Workers’ Comp died suddenly last Monday evening at age 80. Here is our more complete obituary and information concerning his funeral which will be Friday. We have chosen to provide this as a Flash report rather than in the … Read More »

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Voc Rehab Experts Challenge Fee Cap

AB 1168, authored by Richard Pan (D-Sacramento), hopes to solve cost problems in workers’ comp by setting a fee schedule on services provided by California vocational rehabilitation experts. It’s considered a commonsense and much-needed workers’ comp reform by its supporters, and it passed through the first house completely unscathed. But now the long knives have … Read More »

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Court Approves Commissioner’s Majestic Rehabilitation Plan

Insurance Commissioner Dave Jones won court approval for his rehabilitation plan of the failed workers’ comp carrier Majestic Insurance Company this morning. The deal includes a loss portfolio transfer (LPT) AmTrust Financial Services (Nasdaq:AFSI). The plan promises to protect policyholders completely while leaving some assets behind for general creditors, which California Department of Insurance officials … Read More »

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WCIRB’s Bob Mike to Leave

Workers’ Compensation Insurance Rating Bureau (WCIRB) President Robert Mike says he’s retiring as president and CEO of California’s Bureau effective December 1, 2011. Mike’s announcement comes on the heels of Workers’ Comp Executive calling for more transparency and his resignation. Mike’s career with WCIRB spanned over four decades, including over two decades as the president … Read More »

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State Fund Wants To Sell Outside California

State Compensation Insurance Fund is confirming that it’s seeking an author to carry legislation that would allow it to sell workers’ comp policies outside of the state, spokeswoman Jennifer Vargen tells Workers’ Comp Executive. But this is not a new idea. It is a proposal that was bandied about during the presidency of Jim Tudor, … Read More »

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CDI and Jones Rebuke WCIRB Submission

The California Department of Insurance (CDI) and Insurance Commissioner Dave Jones have rebuked the Workers’ Compensation Insurance Rating Bureau (WCIRB). The bureau made an information rate filing that suggested raising rates 40%. But CDI objected, saying WCIRB was attempting to lead insurers without a rate hearing. The filing was planned as a rate filing but … Read More »

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Compound Drug Bill Introduced, Medical Community Not Impressed

Legislation designed to plug a $30 million cost driver — dispensing of compound medications in the California workers’ comp system — already is making waves with medical providers who say it would put the kibosh on physician dispensing almost entirely. In addition, they say there is no definition for a compound drug. This is one … Read More »

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