WCIRB Actuarial Committee Meets Thursday

The Workers’ Compensation Insurance Rating Bureau of California Actuarial Committee is meeting virtually on Thursday to discuss claims experience and economic impacts on work comp issues. The committee will discuss its indemnity claim frequency model as well as the impact of the economic downturn on pure premium rate indications. Committee members will also discuss insurer experience through Dec. 31, 2023, and diagnostics that will be used to evaluate data from the first fiscal quarter of 2024. Members will discuss how COVID-19 claims should be treated for ratemaking in light of ...