The Workers’ Compensation Insurance Rating Bureau is gearing up for its 2018 rate filing with a meeting Aug. 2 to discuss methodologies and trends used for calculating advisory pure premiums.
The bureau’s Actuarial Committee will review loss-adjustment expense experience and alternative loss projection methodologies during the meeting. Committee members will also discuss longer-term loss development as well as the formulary currently scheduled to go into effect at the start of next year.
Typically, the Actuarial Committee adopts the methodologies for the next year’s pure pr...
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