Today, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee voted to authorize the WCIRB to submit a September 1, 2024 Pure Premium Rate Filing to the California Insurance Commissioner. The filing will propose advisory pure premium rates that will be on average 0.9 percent above the average approved September 1, 2023 advisory pure premium rates. The proposed advisory pure premium rates reflect loss and loss adjustment experience (LAE) as of December 31, 2023.
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee will meet virtually at 9:30 AM on April 17, 2024. The meeting is open to the public.
At the meeting, the Committee will review the WCIRB’s upcoming September 1, 2024 Pure Premium Rate Filing, which the WCIRB expects to file with the California Department of Insurance (CDI) by the end of the month. The Committee will also receive an update on the September 1, 2024 Regulatory Filing, which the WCIRB submitted to the CDI on February 27, 2024.
Gain a better understanding of the characteristics of workers’ comp claims by tenure and how frequency and claim characteristics by tenure vary across industries.
COO Andrea Coleman and CEO Bill Mudge discuss innovations in technology, developing the next generation of workers’ comp professionals and the ways the WCIRB continues to enable a heathy workers’ comp system.
