The California Workers’ Compensation Insurance Rating Bureau (WCIRB) has suspended the issuance of experience ratings based on unit statistical data submitted by Reliance Insurance Company. The action was taken as a result of growing concern regarding the accuracy of the Reliance data following receipt of information from Reliance’s Pennsylvania liquidator that the data being submitted is incomplete. The WCIRB has requested that the liquidator provide additional information regarding the completeness and accuracy of the Reliance data submitted to the WCIRB. The WCIRB will issue a subsequent notice once the additional information is received and evaluated, and once a determination is made as to the reliability of the Reliance data for experience rating.
Was this article valuable?
Here are more articles you may enjoy.
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap 
South Carolina Jury Finds Store Owner Not Guilty of Murder in Shooting of Teen 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget From This Issue
