WCIRB Posts Updated Loss-Elimination Ratios, Advisory Plan Tables

The Workers’ Compensation Insurance Rating Bureau of California published updated loss-elimination ratios that were used to compute classification relativities in the recently approved Sept. 1 regulatory filing. “This annual update reflects the most current claim severity and benefit on-leveling factors,” the WCIRB said in a Wire Alert issued Thursday. “Additionally, the WCIRB has updated other tables included in the advisory California Retrospective Rating Plan, California Large Risk Deductible Plan and California Small Deductible Plan.” The WCIRB said it ...