The Governing Committee for the Workers’ Compensation Insurance Rating Bureau will discuss results from a review of earthquake exposure and plans for studies to perform in 2018 when it meets Wednesday in Oakland.
Although the Department of Insurance does not allow the WCIRB to use a catastrophe provision in advisory pure premium rate recommendations, the bureau determined that it would nonetheless be valuable to assess the potential costs of an earthquake happening during normal business hours.
In April, the WCIRB contracted with Risk Management Solutions to analyze potential earthquake exposure. Governing Committee members will hear a “high level summary of the report” during Wednesday's meeting.
Committee members will also weigh in on potential research and study projects for 2018, which could include a review of dividends paid to California employers, and reviewing the impact of anti-fraud legislation as well as the formulary that goes into effect at the start of the year.
The Governing Committee meets at 9:30 a.m. at the WCIRB office, 1221 Broadway, Suite 900, in Oakland.
A meeting agenda is here.
May 5-8, 2024
Amplify Your Impact There’s no limit to what you can achieve when you join the global risk managem …
May 13-15, 2024
Join us May 13–15, 2024, for NCCI's Annual Insights Symposium (AIS) 2024, the industry’s premier e …
May 13-14, 2024
The Board of Managers is excited to announce that the CSIA 2024 Annual Meeting and Educational Con …
No Comments
Log in to post a comment