The Workers’ Compensation Insurance Rating Bureau of California Actuarial Committee will meet at 9:30 a.m. Tuesday via webinar.
According to the WCIRB, committee members will review:
The impact of claim settlement rate changes on allocated loss adjustment expense development.
Longer-term loss development methodologies.
COVID-19 cost projections for the Jan. 1, 2021, pure premium rate filing.
Insurer experience valued as of March 31.
Third-quarter 2020 system diagnostics.
Loss adjustment expense experience and alternative loss projection methodologies for the Jan. 1, 2021, pure p...
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