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The California Workers Compensation Insurance Rating Bureau voted Wednesday to amend its Jan. 1, 2021, pure premium rate filing to reflect updated information on COVID-19 claims, the ratings agency announced in a statement.
Oakland, California-based WCIRB’s governing committee did not amend the overall pure premium rate of $1.56 per $100 of payroll that was submitted to the state’s insurance commissioner in late August, but did modify the early recommendation of $0.06 per $100 of payroll on COVID-19 claim frequency to a range of $0.01 per $100 of payroll for the information sector to $0.24 per $100 of payroll for segments of the health care and social assistance industry sector.
The California Department of Insurance will hold a public hearing Oct. 5 to consider the rate filing.
More insurance and workers compensation news on the coronavirus crisis here.
Physical therapy, acupuncture and chiropractic care are consistently corresponding with lower opioid prescription use in workers compensation, according to a Workers Compensation Insurance Rating Bureau study released Thursday.