WCIRB California Economic Impact on Workers Comp – Where Less Is More
I attended/viewed the WCIRB California Economic Impact on Workers Comp presentation yesterday. I miss their in-person presentations.
The WCIRB took only twenty minutes to cover the subject. Thanks to the moderator and presenters as brevity is best – no death by PowerPoint was experienced. How many of us have sat through an hour or more of graphs that could have been presented in 30 minutes or have experienced a rushed presentation with 50 slides? Dr. Bob Hartwig is the exception.
The prior unemployment levels indicated that the unemployment rate was higher in 2010 than during the pandemic. I included the slides as a PDF file below. It is worth the time to download and review. If the video presentation becomes available, I will link to it when this article is updated. wcirb2023impactofeconomicchangescawc1701736885727
Why Cover The California Impact on Workers Comp as a Standalone?
The WCIRB is the second largest rating bureau behind NCCI. I had said that what happens in California will be coming to your state. In this case, that is not necessarily true. Think of this article as a second opinion. The largest rating bureau NCCI covers most states (40+). The WCIRB covers the largest single-state economy. If CA was its own country, it would rank as the fifth-largest economy in the world.
The California economic impact on Workers Comp seemed to be more influential in 2010 than presently.
Update – the webinar link can be found here.