The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Actuarial Committee will meet virtually at 9:30 AM on March 20, 2025. The meeting is open to the public.
At the meeting, the Committee will review the following:
- Update on Medical Severity Trends by Component
- Indemnity Claim Frequency Model
- WCIRB staff will present alternative parameterizations for estimating the change in frequency for the latest accident year as well as alternative model assumptions for forecasts of changes in frequency.
- First Quarter 2025 Review of Diagnostics
- Identify and quantify changes in claim patterns and trends and help determine the most appropriate methodologies to be used in the development of pure premium rates.
- Insurer Experience Valued as of December 31, 2024
- Review July 1, 2025 Updates to Pharmaceutical Fee Schedule
- The updated schedule adopted by the Division of Workers’ Compensation intends to align the workers’ compensation pharmacy fee structure with the new Medi-Cal pharmaceutical payment structure and reflect Labor Code amendments.
The full agenda, including the virtual meeting registration information, is available in the Committee Meeting Documents section of the Committees and Working Groups page on wcirb.com and through the following link: