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WCIRB Posts State of the System Report

Wednesday, July 28, 2021 | 0

The Workers’ Compensation Insurance Rating Bureau posted to its website its latest annual update on California’s comp system and about an hour of videos exploring key points from the report. The 2021 State of the System report was unveiled during the WCIRB’s annual conference earlier in July. Highlights from the report include: The effect on frequency of the nearly 150,000 COVID-19 claims filed through June was partially offset by a reduction in the number of non-COVID claims. Premium levels dropped sharply in 2020 as a result of rate decreases and the economic slowdown....

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