WCIRB Actuarial Committee Meets Tuesday

The Actuarial Committee for the Workers’ Compensation Insurance Rating Bureau will meet Tuesday to continue analyzing the impact of the COVID-19 crisis on California workers’ compensation costs, as well as the latest insurer experience data. The WCIRB in August recommended that the California insurance commissioner increase the advisory pure premium rate for policies incepting on or after Jan. 1 to $1.56 per $100 of payroll from $1.52. Six cents of the indicated rate reflects the projected cost of COVID-19 claims. After the WCIRB filed its rate recommendation, the Legislatur...