The Workers’ Compensation Insurance Rating Bureau of California updated the loss elimination ratios used to compute classification relativities in the recently approved Sept. 1 regulatory filing.
The bureau said the annual update includes the most current claim severity and benefit on-leveling factors.
At the same time, the WCIRB said it updated other tables included in the advisory California Retrospective Rating Plan, California Large Risk Deductible Plan and California Small Deductible Plan.
California Insurance Commissioner Ricardo Lara in May approved the WCIRB’s annual reg...
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