Workers’ Compensation Rating Bureau News

Cost Savings in California Workers’ Comp Reform May Fall Short

California’s sweeping workers’ compensation reform is working for the most part, but some of the savings may not materialize thanks to pressure on the system, according to Dave Bellusci, executive vice president, chief operating officer and chief actuary at the …

Carriers ‘Uncertain’ About California Workers’ Comp Reform

Editor’s Note: This is the fourth in a series of articles to look at California’s workers’ compensation reform law, which takes effect Jan. 1, 2013.   Insurance carriers, along with the many stakeholders who are watching and waiting as California’s …

Calif. Rating Bureau Drops Workers’ Comp Advisory Rates

After a review of a workers’ compensation overhaul bill signed two weeks ago by Gov. Jerry Brown, the Workers’ Compensation Rating Bureau submitted a filing on Monday to lower the pure premium advisory rate for Jan. 1, 2013. WCIRB submitted …

WCIRB May Reduce Rate Increase to 11.6%

Committees for the Workers’ Compensation Rating Bureau looking at data based on the savings promised by a bill to reform the state’s workers comp system may be recommending an adjustment to WCIRB’s upcoming pure premium filing. However, more study is …

Workers’ Comp Reform Could Impact WCIRB’s 12.6% Pure Premium

The Workers’ Compensation Rating Bureau’s Governing Committee has unanimously voted to authorize the WCIRB to make a Jan.1, 2013 filing recommending an average advisory pure premium rate that is 12.6 percent above the $2.38 average industry filed pure premium rate …