03/01/21
WorkersCompensation.com
Oakland, CA (WorkersCompensation.com) - The Workers Compensation Insurance Rating Bureau of California (WCIRB) submitted a September 1, 2021 Regulatory Filing to the California Insurance Commissioner. The filing contains the following proposals:
Amendments to the California Workers Compensation Uniform Statistical Reporting Plan 1995 (USRP), including amendments to the Standard Classification System. These amendments are proposed to be become effective September 1, 2021 and applied to a policy with an effective date on or after September 1, 2021.
Amendment to the Miscellaneous Regulations for the Recording and Reporting of Data 1995 to become effective September 1, 2021 and applied to a policy with an effective date on or after September 1, 2021.
California Workers’ Comp Written Premium Down 12% over 9 Months of 2020 December 18, 2020
Workers’ compensation written premium in California for the first nine months of 2020 was 12% below that for the first nine months of 2019, according to a quarterly experience report released on Friday by the Workers’ Compensation Insurance Rating Bureau of California.
The report also shows written premium for the full calendar year of 2020 is expected to be the lowest since 2012.
Highlights of the report include:
California written premium for the first nine months of 2020 is 12% below that for the first nine months of 2019.
The average charged rate for the first nine months of 2020 is 9% below that for 2019 and 40% below the peak in 2014.