Search Results for: SB 863

California SB 863 Failure Result In 6.7% WCIRB Rate Increase?

California SB 863 California SB 863 was supposed to be a cost-cutting measure for all parties involved in their WC system.  Last week, the WCIRB  (Workers Comp Insurance Rating Bureau) recommended a 6.7% increase due to a number of factors for policies effective January 1, 2015.   According to the

SB 863 Actually Increased California Medical Costs?

California’s SB 863 – Unintended Consequences? Did California’s SB 863 increase the Workers Comp medical costs for the state? Workers Compensation Research Institute WCRI recently published a study that showed that California’s medical cost growth had slowed from 8% growth per year to 3% just before SB 863 was enacted.  When

Workers Comp Action Network – California SB 863 – Great Infographic

Workers Comp Action Network Produces Great SB 863 Infographic  The Workers Comp Action Network produces great summary charts for California work comp analysis.   They have once again made the complicated much simpler with their great work.  WCAN  (Workers Comp Action Network) has created the best explanation of the implementation and

California SB 863 Webinar – Thumbs Up To Presenters

Thumbs Up – California SB 863 Webinar According to sponsors, the SB 863 Webinar turnout was massive.  That is to be expected with such a confusing subject.  The reforms were extensive.  They presenters had to cover a large amount of info in 75 minutes. The three sponsoring organization were: ·         WCAN

Two Great Workers Compensation Guides WCRI – Benchmarks RXs

WCRI Releases Two Great Workers Compensation Guides in October  Workers Compensation Guides by WCRI (Workers Compensation Research Institute) were released in October.  The ones that caught my eye were the two below.   The Benchmark study can be broken up by state if you do not wish to download the report

WCRI 2017 Conference – Blogging Live – Morning Sessions

WCRI 2017 Conference – Complete First Day Live Blog Morning Sessions of WCRI 2017 Conference  –   Please excuse any typos, etc.   This is a live conference blogging.   It will be updated every 10 minutes.  Dr. John Ruser – CEO  Launching new website next week.   New Logo 

CompScope WCRI Blogging Live – State of States

CompScope – State of the States – WCRI – Blogging Live States of the States WCRI CompScope annual conference 2016 Blogging Live. Preliminary  Research  – Subject to change – Two New States  – Kentucky and Georgia are being added to the CompScope(R) Wage Loss States that have wage loss and PPD

WCIRB WCAN WCRI = Confusion on California WC Statistics

Confusion on California WC Statistics WCIRB WCAN WCRI  – Three trusted statistical providers that now have me confused on whether or not SB 863 actually had an effect on California’s Workers Comp system. Acronyms – WCIRB  – Workers Compensation Insurance Rating Bureau – The Rating Bureau for California’s WC system

California Workers Comp System – What Happened To The Reform(s)?

California Workers Comp System Reforms Fizzled? The California Workers Comp System was supposed to reduce costs after SB 863 was enacted in  2013.   SB 899 was the previous cost-saving measure that seemed to hold California’s Workers Comp costs which seemed to work for five to seven years. Check out

Live CA WCIRB Webinar On State Of California’s Work Comp System

CA WCIRB Webinar The following is a great live CA WCIRB webinar that was typed in as it happened. Please excuse any typos, weird language as I am typing this live as I hear it.   Thanks for the understanding. Check back often as this blog will keep updating, if

Workers Compensation Action Network (WCAN) – Great California Chart

Workers Compensation Action Network Workers Compensation Action Network (WCAN) produced another great graphic on the Workers Comp situation in California.   Click here for the chart.   Why do I try to point out most of the happenings on WC in CA?   This is a WC system that is becoming

California’s WC Reform(?) Produces Startling Numbers

California’s WC Reform Not Yet A Cost Saver A few startling numbers from California’s WC Reform are listed below.  One wonders if the reform is working or if not enough time has elapsed to the differences.   Workers Compensation Action Network (WCAN) recently published a press release and email on

Statistical Madness – Another Shining Example From Internet

Statistical Madness – Eating While Driving  More statistical madness was created with another shining example this month. Over time, a few Workers Comp statistics articles are published that basically have no basis in fact.  For example, many pundits said that California SB 863 was going to save employers large amount

California Loss Cost Multipliers Say No To Reform Measures

California Loss Cost Multipliers Do Not Reflect Any Reform Measures The California Loss Cost Multipliers has said no to reforms. Loss Cost Multipliers (LCM’s) are one of the concepts in Workers Comp that I have been covering for many years.  LCM’s are the carriers’ own assessments of risk in the marketplace.

Two Workers Comp Bills Vetoed By California Governor Schwarzenegger

Two Workers Comp Bills Vetoed by Governor Schwarzenegger The Governator has two Workers Comp bills Vetoed,that opponents said would have had dire effects on the current Workers Comp system in California. Instead of explaining the bills, I included the veto memos from the Governor to the California Senate and State Assembly.

WCRI 2021 State of the States Presentation – The Past Rules

WCRI 2021 State of the States: Selective Findings The WCRI 2021 State of the States was extremely informative as it has been every year that I have attended the conference. Speakers: Bogdan Savych, Ph.D., Rebecca Yang, Ph.D. Dr. Savych compared much of what happened in the current pandemic with the

Workers Comp Hot Buttons Top 10 Recycled Again

Workers Comp Hot Buttons Recycled Every Few Years – Yawn! The Top 10 Workers Comp hot buttons never seem to be new.  The topics are recycled again and again as newfound topics of the press and in most WC conversations.   If one thinks about it for a few minutes,

California Claims Adjustment Costs Are Massive – WCAN

California Claims Adjustment Costs Very Expensive The California claims adjustment costs are massive when compared to other states.  The Workers Compensation Action Network (WCAN) published the above chart last week. A similar study was published in an article on this blog last week which covered the newest WCIRB Study (rating bureau

Claim Costs Effect on WC Insurance Rates – Great Graph

Claim Costs Effect on Rates Direct and Delayed The claim costs effect has a direct but delayed relationship on insurance rates. California’s Workers Comp Action Network (WCAN) has produced a few great infographics over the last few weeks.  The infographic shows how claim costs affect insurance rates.   As posted

California And 0% Rate Increase May Not Be Answer

The 0% Rate Increase Is Not Recommended for California Once again, California’s Insurance Commissioner has rejected the 27.7% recommended  rate increase by the California’s Workers Compensation Rating Bureau (WCIRB). I had thought the request was somewhat steep. However, a 0% rate increase may not be the answer either. The Workers

California Workers Compensation System Amazing Turnaround

California Workers Compensation System Rate Reduced Significantly In Four Years The California Workers Compensation system rate decreased quickly over the last four to five years. While reading through a few on the online publications I receive every day, I came upon a statistic in the California Workers Compensation reform that

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