Changes in a company’s ownership structure, be it a buy-out or a merger with another entity, can significantly impact the X-Mod that’s ultimately applied to the risk. Officials with the Workers’ Compensation Insurance Rating Bureau say the first step is determining the ownership of all involved entitles. The California Workers’ Compensation Experience Rating Plan – …
The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating committee members supported a plan to divide Classification 9079, covering restaurants and taverns, into six different classifications. The separate classes will still be combined for rate-making purposes, but for how long is the question? A formal proposal to split the classification will be on the committee’s …
A multiagency enforcement program that uses public and private data to target employers likely operating without workers’ comp coverage completed inspections of 56 employers and cited 29 for operating in violation of Labor Code section 3700. Another 11 employers that were allegedly found to be violating state wage and hour laws and were cited. Additional …
Insurer representatives on the Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee approved a proposal for an in-depth, multi-year study of the food manufacturing industry classifications. WCIRB officials say internal diagnostic tools indicate that some classes may no longer be homogenous groups of employers with similar loss experience. The Bureau is a private organization …
The Workers’ Compensation Appeals Board will take a new look at a truck driver’s claim for workers’ comp benefits. He received the subject injuries while being arrested. The driver, Christopher Johnson, was arrested for failing to produce an ID during a traffic stop. The Fourth District Court of Appeal granted the WCAB’s request to remand …
The Insurance Commissioner adopted a decision keeping in place the reassignment of an airline catering company to class 6504 covering food manufacturing operations. Since its inception, the company, Chase Packaging, had been classified by multiple workers’ comp carriers under 9079 for restaurants. But this changed following a routine inspection by the Workers’ Compensation Insurance Rating …
In its last two filings, the Workers’ Compensation Insurance Rating Bureau recommended California’s workers’ comp rates needed to increase – first by 2.7% and more recently by 7.6%. Neither increase was adopted by the California Department, and the market has proven both of the Bureau’s proposals to have been wrong. Average charged rates are down …
The Workers’ Compensation Insurance Rating Bureau reports that workers’ comp medical payments in 2021 jumped 5.5% from the prior year to $1.9 billion. Left unsaid was that the industry spent $2 billion on medical care in 2019 before the pandemic upended the California economy. Now it’s medical cost inflation that is taking its toll on …