On October 28, 2013, the WCIRB testified at a California Department of Insurance (CDI) public hearing regarding the WCIRB’s January 1, 2014 Pure Premium Rate Filing as amended on October 23, 2013.
WCIRB Executive Vice President and Chief Actuary Dave Bellusci, along with President and CEO Bill Mudge, presented the actuarial basis for the proposed changes to advisory pure premium rates, including a review of the WCIRB’s analysis of changes to the physician fee schedule that were recently adopted by the Division of Workers’ Compensation.
The presentation slides summarized by Mr. Bellusci and Mr. Mudge for the Insurance Commissioner are available in the Regulatory Filings section of the WCIRB website (www.wcirb.com). For more information concerning the WCIRB’s filing, see Governing Committee Votes to Amend Filing.
At the conclusion of the hearing, the Insurance Commissioner announced that the record would officially close at 5:00PM,