C&R Committee Meets Oct. 13

The Workers’ Compensation Insurance Rating Bureau of California’s Classification and Rating Committee will discuss during an Oct. 13 meeting the maximum and minimum reportable payrolls for executive officers and whether it’s appropriate to adjust the final premium amount that subjects a policyholder to a physical audit. WCIRB staff determined that the maximum reportable payroll for executive officers should increase 7.3% to $144,300 from $139,100 to reflect projected wage inflation. The minimum reportable payroll should be increased by the same percentage to $55,900 from $54...