WCIRB Recommends Lowering Experience Threshold, Adding 10,000 Employers to Rating

The Workers’ Compensation Insurance Rating Bureau says California’s experience rating eligibility threshold should be lowered by $1,650, which researchers project would result in 10,000 new employers receiving experience modifications, or X-mods, within the next several years. The current eligibility threshold for employers is $9,900 in expected losses, which equates to about $7,900 in annual premium. The WCIRB's proposal would lower the threshold to $8,250, or about $6,600 in annual premium, according to data presented Tuesday during the bureau’s Classification and ...