California Insurance Commissioner Ricardo Lara issued a decision this week regarding the Workers’ Compensation Insurance Rating Bureau of California’s Sept. 1, 2023 regulatory filing.
The Commissioner approved all of the WCIRB’s proposed changes to: the California Workers’ Compensation Uniform Statistical Reporting Plan—1995; California Workers’ Compensation Experience Rating Plan—1995; and Miscellaneous Regulations for the Recording and Reporting of Data—1995. All are proposed to take effect Sept. 1. All of the proposed amendments to the USRP effective Sept. 1, 2024 were approved as filed.
The WCIRB is expected begin calculating September 2023 experience modifications within the next several days. Insurers, agents and brokers can access 2023 experience rating information via WCIRB Connect.
Was this article valuable?
Here are more articles you may enjoy.
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
One Weather Firm Warns New England Could See Big Hurricane This Season 
