WCIRB News

California Closes Record for 2021 Pure Premium Workers’ Comp Filing

California Insurance Commissioner Ricardo Lara has issued a notice closing the record for the Jan. 1, 2021 workers’ compensation pure premium rate filing. The Workers’ Compensation Insurance Rating Bureau of California on Oct. 5 testified at a California Department of …

California Workers’ Comp Bureau Submits Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California has submitted its Jan. 1, 2021 pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are on average 2.6% above the average approved Jan. 1, …

California Workers’ Comp Committee OKs 2021 Pure Premium Filing

The governing committee of the Workers’ Compensation Insurance Rating Bureau of California voted on Wednesday to authorize the WCIRB to submit a Jan. 1, 2021 advisory pure premium rate filing to the California Insurance Commissioner that are on average roughly …

California Workers’ Comp Bureau Paid $4.6B Medical, $3.8B Indemnity Losses in 2019

The Workers’ Compensation Insurance Rating Bureau of California has released its report on workers’ comp losses and expenses for 2019. Findings in the WCIRB report, 2019 California Workers’ Compensation Losses and Expenses, include: Medical losses paid in 2019 were $4.6 …

California Workers’ Comp Classification Inspection Report Expanded for Agents

The Workers’ Compensation Insurance Rating Bureau of California is expanding its Special Inspection Report program to allow agents and brokers to request a WCIRB physical inspection of their clients’ California business operations. The new service, which goes into effect July …

California Lowers Workers’ Comp COVID Estimate; Expects Claims Drop in Downturn

The Workers’ Compensation Insurance Rating Bureau of California on Monday released a study looking at the historic impact of economic downturns on workers’ comp claim frequency and the potential impact of COVID-19 on claims. The study, Impact of Economic Downturn …

California Workers’ Comp Bureau Chief Addresses COVID’s Impact on System

Bill Mudge has been put in a unique position during the pandemic. He’s got a sizeable workforce he’s had to reconfigure and manage much differently, and he heads the bureau that regulators, employers and insurers in the largest state in …

Analysts Tally Workers’ Comp Cost of Exposure to COVID-19

While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it’s more likely to be one-fifth of that, an analyst reported recently. States like Michigan and …

California Workers’ Comp Report Shows Written Premium Down 6% in 2019

Workers’ compensation written premium in California for calendar year 2019 was 6% below that for calendar year 2018, according to an update on California statewide insurer experience valued as of Dec.31, 2019. The Workers’ Compensation Insurance Rating Bureau of California …

California Workers’ Comp Bureau to Restrict COVID-19 Experience, Payroll in Rating

The Workers’ Compensation Insurance Rating Bureau of California has submitted a special regulatory filing to the California Insurance Commissioner with proposals to address the COVID-19 pandemic. The WCIRB governing committee last week voted unanimously on the special regulatory filing. The …