Workers’ Compensation Insurance Rating Bureau of California News

California Workers’ Compensation Bureau Testifies on 2020 Advisory Rate Drop

The Workers’ Compensation Insurance Rating Bureau of California on Monday presented the actuarial basis for an average proposed Jan. 1, 2020 advisory pure premium rate of $1.58, which is 5.4 percent less than the average of the current Jan. 1, …

California Workers’ Comp Bureau Releases Cost Monitoring Update on Reforms

The Workers’ Compensation Insurance Rating Bureau of California this week issued a prospective estimate of the cost impact of Senate Bill 863, the sweeping workers’ comp reform bill signed into law in 2012. SB 863, which increased benefits effective Jan. …

Report: California Workers’ Comp Medical Payment Trends Fell in 2018

Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its California Workers’ Compensation Aggregate …

Report Examines First-Year Impact of California’s New Drug Formulary

A new report shows that an evidence-based drug formulary put into effect by the California Division of Workers’ Compensation over a year ago may be working. The formulary went into effect Jan. 1, 2018. It was intended to: reduce frictional …

California Workers’ Comp Bureau Submits Lower 2020 Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California on Tuesday submitted its Jan. 1, 2020, pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are an average of 5.4% less than the current …

California Workers’ Comp Committee Votes for Drop in 2020 Pure Premium Filing

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted on Wednesday to authorize the WCIRB to submit a Jan. 1, 2020 advisory pure premium rate filing to the California Insurance Commissioner that will be on average 5.7% below …

Report: Written Worker’s Comp Premium in California to Fall by $1B in 2019

Expect workers’ compensation insurance rates in California to continue to fall, with total written premium expected to drop by $1 billion or more for 2019 despite the positive impacts of continued economic growth, a new report shows. “We’re experiencing more …

Report Shows California Workers’ Compensation Premiums Falling

Workers’ compensation insurance premiums in California are declining as continued rate decreases more than offset the impacts of continued economic growth, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its 2019 State of the System …

California Workers’ Comp Bureau Submits 2020 Regulatory Filing

The Workers’ Compensation Insurance Rating Bureau of California on Wednesday submitted a Jan. 1, 2020, regulatory filing to the California Insurance Commissioner. The filing contains the following proposals: Amendments to the California Workers’ Compensation Uniform Statistical Reporting Plan—1995, including amendments …

California Workers’ Comp Rating Bureau Chief’s Message to Comp Community

The California workers’ compensation marketplace today remains generally healthy for insurers, employers and injured workers, the chief of the Workers’ Compensation Insurance Rating Bureau of California said in an open letter on Monday. The WCIRB continues to experience the “overwhelmingly …