WCIRB Proposes Increasing Threshold for Experience Rating

The Workers’ Compensation Insurance Rating Bureau of California is proposing to increase the threshold used to determine whether employers will be eligible for experience rating. Eligibility for experience rating is determined based on payroll and the expected loss rate for the employer's classification code. The sum must equal or exceed the minimum eligibility threshold. The WCIRB on Tuesday submitted to the Department of Insurance its annual regulatory filing that proposes to increase the threshold for experience rating to $10,200 from $9,200 to reflect wage inflation and pr...