BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
The California Workers’ Compensation Insurance Rating Bureau is set to request a 10.2% mid-year reduction in advisory workers compensation rates based on lower-than-expected medical losses and claim severity in the state.
WCIRB’s expected rate filing will seek an advisory pure premium rate of $2.46 per $100 of payroll as of July 1, down from $2.74 per $100 of payroll approved by the California Department of Insurance as of Jan. 1, Oakland, California-based WCIRB said in a statement Wednesday. The bureau plans to submit its new rate filing to the insurance department for approval on Monday.
Medical severity for California workers comp claims declined more than 4% per year in 2013 and 2014 following the passage of state workers comp reforms in 2012, WCIRB said Wednesday.
Meanwhile, indemnity claim severity increased 5.4% last year, less than the 9.6% increase in indemnity severity that WCIRB originally had projected for that year, according to actuarial data posted online by the bureau.
SAN FRANCISCO Employees working in poor job climates are more than twice as likely to miss work due to common ailments, but embracing all factors in an employee’s well-being is twice as effective in curbing productivity losses — an approach several employers have used successfully.