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. …
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 …
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 …
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 …
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 …
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. …
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 …
District attorneys from around the state made last-ditch presentations to bolster their requests for a share of the nearly $46 million that is up for grabs this year to fight workers’ comp fraud in the state. The money is part of the $78 million that California employers are required to pay to support the DAs …