WCIRB Data Shows another Steep Rate Hike Possible

SAN FRANCISCO − Increasing claim frequency, an uptick in cumulative trauma claims and a flood of applications for independent medical review are among the factors leading to another increase in California's advisory pure premium rate for next year. The Workers' Compensation Insurance Rating Bureau's Actuarial Committee met Tuesday to approve a methodology that their actuaries will use to develop a pure premium rate filing to be passed along to the bureau's Governing Committee on Aug. 13. While WCIRB actuaries have not yet calculated a specific rate, the numbers discussed...