WCIRB Submits Sept. 1 Regulatory Filing

The Workers’ Compensation Insurance Rating Bureau of California on Friday submitted a proposed Sept. 1 regulatory filing that would, among other things, lower the experience rating threshold. The WCIRB is proposing that the insurance commissioner reduce the experience rating eligibility threshold to $9,500 from $9,900 to reflect wage inflation and proposed expected loss rates. Proposed changes to the California Workers’ Compensation Uniform Statistical Reporting Plan would improve clarity and consistency, the WCIRB said. Amendments to the Miscellaneous Regulations for the Recordi...