Here’s the 2020 Rate Filing Numbers
The Workers’ Compensation Insurance Rating Bureau’s governing carriers rejected the public members call for an 8% rate cut and approved filing for a lesser 5.7% cut in California’s 2020 pure …
Tagged in: workers’ comp
Baker Reforms To Beget Another Rate Cut For 2020
The governing committee members’ of the Workers’ Compensation Insurance Rating Bureau will meet this morning to consider 2020 rates. The result will likely be a recommendation for a low- to …
Workers’ Comp Profitability Soared In 2018
California’s workers’ comp insurance industry was already profitable entering 2018, and the latest data indicates it profits are increasing. The workers’ comp industry’s underwriting ratio improved by a full 10 …
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No Delays In Medical Care Found By State Auditor
A state audit of workers’ comp injuries suffered by workers and inmates alike at the California Department of Corrections and Rehabilitation was conducted. It found that medical treatment authorizations are …
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California Self-Insureds’ Numbers Reflect Market Changes
Private self-insured employers in California workers’ comp collectively are seeing an increased number of claims, but they decreased future liabilities last year. Somewhat counterintuitively, for the third year in a …
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Workers’ Comp Premium Expected To Drop Another $1B In 2019
Despite increasing payrolls, early estimates of the 2019 California workers’ comp market are indicating another drop in written premium to about $15.7 billion total for the year. The $1.3 billion …
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County DA’s Split $42M In Anti-Fraud Funds
District Attorney’s around the state will get a little bit more to fight workers’ comp fraud in the coming year under a new funding plan approved by Insurance Commissioner Ricardo …
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Lien Stay Provisions Beat Another Constitutional Challenge
California’s rules for staying liens when providers are charged with workers’ comp fraud survived yet another constitutional challenge. This one didn’t even require a court hearing. The Fourth District Court …
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