July 2, 2024
Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end of 2022, a new …
July 1, 2024
Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2023. Findings in the WCIRB report, 2023 …
April 26, 2024
The Workers’ Compensation Insurance Rating Bureau of California submitted its Sept. 1, 2024, pure premium rate filing to the California Department of Insurance, proposing advisory rates on average 0.9% above the average approved Sept. 1, 2023 rates. The proposed advisory …
April 17, 2024
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2024 Pure Premium Rate Filing to the California Insurance Commissioner on average 0.9% above the average approved Sept. …
April 12, 2024
The California Restaurant Mutual Benefit Corp. is applauding upcoming changes in workers’ compensation classifications for California’s restaurant and hospitality sectors, The changes were announced by the Workers’ Compensation Insurance Rating Bureau of California. The update to the classification system is …
December 21, 2023
A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14% above the previous year. The WCIRB’s Quarterly Experience Report is an update on California statewide insurer experience as of September 30, …
October 4, 2023
Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level โ an increase was driven by higher employee wage levels and the economic Recovery, according to a new report out on Wednesday from the Workers’ …
July 25, 2023
California workers’ compensation premium levels rose by 14% in 2022 due to the economic recovery from the pandemic-related downturn, according to the new Workers’ Compensation Insurance Rating Bureau of California’s 2023 State of the System Report. The WCIRB report forecasts …
May 26, 2023
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 …
May 16, 2023
The Workers’ Compensation Insurance Rating Bureau of California issued its Quarterly Experience Report, an update on California statewide insurer experience valued as of Dec. 31, 2022. Highlights of the report include: California written premium in 2022 was 14% above that …