Late Claims, Cumulative Injuries and Loss Adj. Expenses on the Rise

Loss adjustment expenses, the number of late-reported indemnity claims and the number of cumulative injury claims in California's system are all on the rise, the Workers' Compensation Insurance Rating Bureau said in a report on Tuesday.The Rating Bureau said the numbers will be presented during a meeting of its Actuarial Committee to be held in San Francisco on April 2. The committee will make a recommendation to the bureau's Governing Committee on a possible adjustment to the state's voluntary pure premium rate, which must be approved by Insurance Commissioner David Jones.Alth...