Actuaries from the Workers’ Compensation Insurance Rating Bureau say they’re working on obtaining a statistical code that will aid researchers and insurance carriers in processing COVID-19 claims data that California Insurance Commissioner Ricardo Lara called for in his 2021 advisory pure premium rate decision last month.
In addition to ordering the 10th consecutive premium rate decrease since 2015, Lara directed carriers to identify COVID-19 adjustments in rate filings submitted to the department and advised the WCIRB to collect information on aggregate premium charged for C...
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