WCIRB Holding Webinar on Frictional Costs

The Workers’ Compensation Insurance Rating Bureau will discuss frictional cost drivers in California at a Dec. 8 webinar. Tony Milano, vice president of actuarial services for the WCIRB, will explain why frictional costs are higher in California than they are in other states, including what factors are driving recent trends in frictional costs. It costs 48 cents to deliver $1 of work comp benefits in California. However, it costs only 2 cents to deliver the same level of benefits through the state’s Medicaid program, according to the WCIRB. Private group health insuranc...