WCIRB Actuaries Discuss Trends Underlying Annual Rate Filing

By Greg Jones, Western Bureau ChiefSAN FRANCISCO -- Insurer experience in California continues to deteriorate, according to actuaries with the Workers' Compensation Insurance Rating Bureau, who on Tuesday discussed trends and methodologies that will be used to determine the 2013 recommended pure premium rate. The Rating Bureau's Actuarial Committee did not talk about the Jan. 1, 2013, rate filing itself during Tuesday's meeting at the San Francisco Planning and Urban Research Association building. Instead, they reviewed trends such as increased claim frequency and claim costs from ...