WCIRB Cites 'Spirit of Reform' in Filing for no Increase for 2013

By Greg Jones, Western Bureau ChiefSAN FRANCISCO − The California Workers' Compensation Insurance Rating Bureau's Governing Committee voted 6-5 on Wednesday to recommend no increase in advisory pure premium rates for 2013, based on the assumption that the recommendation will force stakeholders and the administration to effectively draft regulations to implement Senate Bill 863 in a way that maximizes potential savings.Rating Bureau actuaries on Wednesday revised a previous estimate on the total projected savings from the bill, finding that independent medical review will shave an...