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Actuarial Committee to Meet August 1, 2013

The WCIRB Actuarial Committee will meet on August 1, 2013 in San Francisco. At the meeting, the Committee will review:

  • Updated indemnity claim frequency information
  • The impact of Senate Bill No. 863 on loss development
  • Updated March 31, 2013 experience and the loss development and loss trending methodologies that will underlie the January 1, 2014 Pure Premium Rate Filing
  • Potential January 1, 2015 changes to experience rating that would limit the impact of a single claim and would create a maximum experience modification
  • The latest set of system premium, claim count, loss and loss adjustment expense diagnostics
  • The loss adjustment expense data and methodologies that will underlie the January 1, 2014 Pure Premium Rate Filing
  • The determination of the industry average filed pure premium rate as of July 1, 2013
  • Updated expected loss rates and other experience rating values

The full agenda, including the location and time of the meeting, is available on the Actuarial Committee page of the WCIRB’s website (www.wcirb.com).

WCIRB Actuarial Committee Meeting - August 1, 2013 Agenda

July 25, 2013