The Workers’ Compensation Insurance Rating Bureau of California named Sean Cooper executive vice president and deputy chief actuary. Cooper will assume the WCIRB chief actuary role upon Dave Bellusci’s retirement in Spring 2023. Cooper has more than 30 years of …
A report from the Workers’ Compensation Insurance Rating Bureau of California shows indemnity claims are the key driver of cumulative trauma claim costs. Highlights of the WCIRB report, Medical Characteristics of Cumulative Trauma Claims, include: Indemnity claims are the key …
It takes seven years to close the vast majority of workers’ compensation claims in California, more than double the time in the median state. The Workers’ Compensation Insurance Rating Bureau of California released a report detailing duration drivers for California …
The Workers’ Compensation Insurance Rating Bureau of California released its 2022 WCIRB Geo Study, which underscores regional differences in claim characteristics across California. Key findings include: Even after controlling for regional differences in wages and industry mix, indemnity claim frequency …
The Workers’ Compensation Insurance Rating Bureau of California released its Quarterly Experience Report, which reflects an increase in written premium due to economic recovery from the pandemic. The report is an update on California statewide insurer experience valued as of …
The Workers’ Compensation Insurance Rating Bureau of California released an updated California Workers’ Compensation Aggregate Medical Payment Trends report for 2021. The latest annual report compares medical payment information from 2019 through 2021. It analyzes medical payment and utilization trends …
Written premium for 2021 was 1.4% below that for 2020 and is the lowest since 2012, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued its quarterly report on written premium, which declined sharply beginning in …
Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation Insurance Rating Bureau of California’s report released …
California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report, an update on California statewide insurer experience valued as …
The Workers’ Compensation Insurance Rating Bureau of California submitted pure premium rate filing to the California Insurance Commissioner calling for a 7.6% increase. The advisory pure premium rates for the roughly 500 standard classifications proposed to be effective Sept. 1 …
