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Learn more about the 2017 Experience Rating Plan Changes and the Regulatory Filing Process

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Learn more about the 2017 Experience Rating Plan Changes and the Regulatory Filing Process

June 15, 2016

January 2017 experience modifications will be issued as early as September—less than 3 months away! In the Mod Talk webinar series, the WCIRB continues outreach efforts to educate the workers’ compensation community on changes to the experience rating formula effective January 1, 2017.

In the most recent session of WCIRB Mod Talks, the WCIRB’s Dave Bellusci and Ward Brooks presented a quick breakdown of the process for proposing Experience Rating Plan changes to the Insurance Commissioner. They also shared what to expect in the WCIRB’s January 1, 2017 Regulatory Filing which will be submitted to the Insurance Commissioner in June 2016. Here are some of the topics covered during the May 26 session titled “The Regulatory Filing Process”:

  • A brief history of changes to California’s experience rating system and why the 2017 variable split plan is the biggest change since 2010
  • A step-by-step overview of the WCIRB’s process for proposing Experience Rating Plan changes to the California Department of Insurance
  • Why the variable split plan was developed and how each employer’s split point will be determined for 2017 experience modifications
  • When the 2017 rating values will be available (e.g., primary thresholds, D-ratios, expected loss rates, eligibility threshold)
  • How the formula may potentially be simplified to just three variables in the future

If you missed the session, you can watch the video recording and download the presentation slides on the WCIRB Webinars page on WCIRB.com. You can also read more about the 2017 experience rating changes and helpful FAQs on the Rating 2017 page.

To watch the first two sessions of the WCIRB Mod Talks, click on the video recordings linked below:

Session 1 – California’s Variable Split Point Experience Rating Plan
Session 2 – Eligibility and the Impact of Unaudited Payroll in 2017
 

Upcoming WCIRB Mod Talks – Register Today!

There are three more sessions in the series scheduled this year. Register today and bring your questions about the 2017 experience rating changes.

Session 4 – Proposed 2017 Rating Values and the X-Mod Calculator
Thursday, July 28, 2016, 10:00AM – 10:30AM PT
Dave Bellusci and Ward Brooks discuss the WCIRB Regulatory Filing submitted to the Insurance Commissioner, the proposed 2017 rating values, new X-Mod Calculator, and timeline for the Insurance Commissioner’s decision.
Register Now!

If you have any questions regarding the upcoming 2017 Experience Rating Plan changes not covered in our Rating 2017 page, please email [email protected].

Related Information

2017 Experience Rating Plan Changes
WCIRB Webinars
Online Guide to Workers’ Compensation: California’s Experience Rating System

Future Editions

Have a suggestion for a future News and Notes topic? Email [email protected].