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Covid-19 Claims To Count Against X-Mods

The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee voted to recommend updating the experience rating system to put Covid-19 claims into employers’ X-Mods. The experience from Covid-19 claims has never been included in the rating calculation, but that could change as of September 1, 2024. The Bureau is a private organization with quasi-governmental … Read More »

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Workers’ Comp Regulatory Filing Approved

The California Department of Insurance fully adopted the Workers’ Compensation Insurance Rating Bureau’s September 1, 2023, regulatory filing. A separate decision on the advisory pure premium rates is still pending. … Read More »

April Hearing For September 1st Workers’ Comp Regulations

Insurance Commissioner Ricardo Lara will hold a virtual public hearing on April 24th to take public comment on the Workers’ Compensation Insurance Rating Bureau’s proposed regulatory changes for workers’ comp policies incepting on or after September 1st, 2023. The rule changes include a major restructuring of the classifications for the restaurant and tavern industry, updated … Read More »

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Covid-19 Claims And X-Mods

Insurance Commissioner Ricardo Lara rejected a call from the Workers’ Compensation Insurance Rating Bureau and his staff’s recommendation when nixing a plan to allow Covid-19 claims to count against employers’ X-Mods. Covid claims remain excluded from the experience rating process. The Bureau is a private organization with quasi-governmental responsibility, financially supported exclusively by insurance carriers … Read More »

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New Companion Classes, Experience Rating Changes Proposed

The Workers’ Compensation Insurance Rating Bureau’s governing committee approved making a regulatory filing to create a new companion class for two classifications in the Electronics Industry Group. The filing will also bring changes to the experience rating plan that would allow Covid-19 claims to factor into an employer’s X-Mod. The Bureau is a private organization … Read More »

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2021 Year In Review

It is time for Workers’ Comp Executive to provide a list of the most significant California workers’ compensation stories from the previous year. Some years, legislative developments like the 2012 passage of the Baker SB 863 workers’ comp reforms dominate the news. Other years’ market issues such as rising workers’ comp rates or insurance company … Read More »

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Workers’ Comp Filing Proposed Changes

The industry-backed committee charged with updating California’s workers’ comp classifications and the rules for calculating premium approved a number of changes. The changes include increasing the state’s dual wage thresholds and updating the minimum and maximum payroll limits for 16 different classifications. The most important change, however, might be the sunsetting of two Covid-19 rules. … Read More »

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Will 10,000 Employers Be Added To Experience Rating?

The Workers’ Compensation Insurance Rating Bureau says its experience rating model can effectively rate employers with expected annual losses as low as $500 but is considering a go-slow approach that would lower the rating threshold in stages. The WCIRB is looking at adding 10,000 of the 300,000 employers that it believes can be effectively rated … Read More »

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