WCIRB News

Report Details Drug Dispensing in California Workers’ Comp

California’s Workers’ Compensation Insurance Rating Bureau has issued a report that shows the share of drug payments made directly to dispensing physicians compared with pharmacies fell by 20 percent over three years. The report, “Patterns of Drug Dispensing in California …

California Workers’ Comp Bureau Lowers Rate Filing with Eye on Bills

The governing committee of California’s Workers’ Compensation Insurance Rating Bureau on Wednesday approved an amended, and reduced, rate filing for Jan. 1, 2017 workers’ compensation rates. It did so based on the hope that California Gov. Jerry Brown signs two …

Report: Workers’ Comp Reform Saving California’s System $770M Annually

The Workers’ Compensation Insurance Rating Bureau released this year’s evaluation of California’s workers’ comp reform law. The WCIRB Cost Monitoring Report — 2015 Retrospective Evaluation is part of a multi-year cost monitoring plan developed by the WCIRB following the signing …

WCIRB: Los Angeles Workers’ Comp Claims Outlier in California

California’s Workers’ Compensation Insurance Rating Bureau released a study on Friday showing significant differences in the costs of claims among the state’s regions – particularly Los Angeles. The WCRIB Study, Geographical Differences in Workers’ Compensations Claim Costs, shows the Los …

California WCIRB Proposes Premium 7.8% Below 2015 Average

The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2016 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.45 per $100 of payroll. That WCIRB figure is 7.8 percent …

California WCIRB Report Shows Medical Bill Transactions Fell in 2014

The California Workers’ Compensation Insurance Rating Bureau on Tuesday issued its California Workers’ Compensation Aggregate Medical Payment Trends report showing medical bill transactions fell by $100 million in 2014. The WCIRB report compares medical payment transaction data from calendar year …

Report: California Workers’ Comp Premiums Growing at Double-Digit Rates

Workers’ compensation premiums in California continue to grow at double-digit rates, according to the Workers’ Compensation Insurance Rating Bureau. The WCIRB recently released its “State of the California Worker’s Compensation Report,” and authors of the report on Wednesday highlighted developing …

Report: California Workers’ Comp Losses and Expenses for 2014 Rise, Ratios Fall

Insurer losses and expenses rose in 2014 from the year before but ratios fell, a California Workers’ Compensation Insurance Rating Bureau report on workers’ comp losses and expenses for 2014 shows. The report issued Tuesday shows total insurer losses incurred …

California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100

California written premium for calendar year 2014 was roughly $16.5 billion, 11 percent above the total in 2013 and 88 percent above the written premium reported for 2009, according to a report from the California Workers’ Compensation Insurance Rating Bureau …

WCIRB Submits Lower Mid-year Filing to California Department of Insurance

The California Workers’ Compensation Insurance Rating Bureau on Monday submitted a July 1 pure premium rate filing to the California Department of Insurance proposing advisory rates that average $2.46 per $100 of payroll. The move follows a recommendation by the …