News Digest 6/25/2008
New Study Tries to Shine a Light on Fraud The results of a much vaunted study are in. But what does it tell us about workers’ comp fraud? Find out …
Tagged in: Bureau
Where Will Rates Go In January?
The industry says it doesn’t expect rates to take a major spike in January, despite the Workers’ Compensation Insurance Rating Bureau (WCIRB) decision not to make a rate filing for July. It’s likely, according to carriers and producers, that rates will stay flat or crawl up ever so slightly. Others say proposed rates could increase …
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No Mid-Year Change To Pure Premium Rates
SAN FRANCISCO— There will be no mid-year rate adjustments. The Actuarial Committee of the Workers’ Compensation Insurance Ratings Bureau at its meeting yesterday recommended against any changes. The recommendation could still be overruled by the Bureau’s Governing Committee, but word on the street is that they won’t. “It appears by the loss experience that the …
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News Digest 12/13/2007
Department Questions Bureau LAE Calcs The California Department of Insurance made some unusual moves when rejecting the Workers’ Compensation Insurance Rating Bureau’s recommendation that pure premiums be raised 5.2 percent. …
News Digest 10/30/2007
N.C. to See Lowest Rate Boost in Four Years After a compromise between the North Carolina Rate Bureau and state insurance officials, workers’ comp rates for North Carolina employers will …
Bureau Recommends First Increase In Four Years
Workers’ Compensation Insurance Rating Bureau of California recommended a 4.2 percent overall average increase to pure premium rates for the Jan. 1, 2008. The increase does not include the impact of potential legislation now pending in the Legislature, but that bill would not increase rates significantly. The recommendation was approved by the Bureau’s governing committee. …
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Bureau Says: Increase Rates
As a result of loss adjustment expenses not continuing their decline the workers’ Compensation Insurance Rating Bureau of California is set to make a rate increase recommendation for California workers’ compensation. While the number crunching continues it is likely that the Actuarial Committee will recommend to the Governing Committee an increase of between 3.5 and …
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News Digest 9/6/2007
N.C. Rate Bureau Asks for 5.9 Percent Boost In North Carolina, insurers are seeking an average increase of 5.9 percent in workers’ compensation insurance rates. The N.C. Rate Bureau’s request …