Workers Compensation Insurance Rating Bureau News

California Commissioner Lowers Workers’ Comp Pure Premium

California Insurance Commissioner Dave Jones issued a revised advisory pure premium rate, lowering the benchmark to $2.02 per $100 of payroll for workers’ compensation insurance effective July 1. This is 16.5 percent less than the average pure premium rate of …

Everest Joins California Workers’ Comp Rating Bureau Governing Committee

The Everest National Insurance Co. has joined the Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB Governing Committee is responsible for setting policy and overseeing the management of the affairs of the WCIRB. The WCIRB …

California Workers’ Comp Bureau Lowers Rate Filing with Eye on Bills

The governing committee of California’s Workers’ Compensation Insurance Rating Bureau on Wednesday approved an amended, and reduced, rate filing for Jan. 1, 2017 workers’ compensation rates. It did so based on the hope that California Gov. Jerry Brown signs two …

California Workers’ Comp Committee Votes for Lower Mid-Year Filing

The governing committee of the California Workers’ Compensation Insurance Rating Bureau voted unanimously on Wednesday to authorize the WCIRB to submit a mid-year pure premium rate reduction filing to the California Department of Insurance The filing will propose a July …

California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100

California written premium for calendar year 2014 was roughly $16.5 billion, 11 percent above the total in 2013 and 88 percent above the written premium reported for 2009, according to a report from the California Workers’ Compensation Insurance Rating Bureau …

California State Fund Files April 1 Rating Plan

California’s State Compensation Insurance Fund has filed for a 9 percent increase in collectible premium that will apply to new and renewal workers’ compensation policies effective on or after April 1. Although the rate plan is designed to generate an …

California Commissioner Wants Lower Workers’ Comp Rate Than Board

California Insurance Commissioner Dave Jones on Friday adopted an advisory average pure premium rate of $2.74 per $100 of employer payroll for workers’ compensation rates effective Jan. 1, 2015. The adopted amount is lower than that proposed by the Workers’ …

California Commissioner Favors Lower WC Premium Than Board

California Insurance Commissioner Dave Jones adopted an advisory average pure premium rate of $2.70 per $100 of employer payroll for workers’ compensation rates effective Jan. 1, 2014, which is lower than that proposed by the Workers’ Compensation Insurance Rating Bureau. …

Baker: California’s Workers’ Comp Reform Showing Signs of Progress

Ten months after “historic reforms” were made to California’s workers’ compensation system there is evidence that the changes are taking hold, however bad actors continue to find ways to game the system, said Department of Industrial Relations Director Christine Baker. …

Workers’ Comp Rate Hike Likely for California

A workers’ compensation rate hike looks to be in the works for California. The Workers’ Compensation Insurance Rating Bureau Actuarial Committee met Wednesday and reviewed the June 30 experience, which showed “significant adverse medical loss development and increasing indemnity claim …