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Actuarial Committee to Meet August 4

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Actuarial Committee will meet at 9:30 AM on August 4, 2020 via webinar teleconference.

At the meeting, the Committee will review the following:

  • The impact of claim settlement rate changes on allocated loss adjustment expense (ALAE) development
  • Longer-term loss development methodologies
  • COVID-19 cost projections for the January 1, 2021 Pure Premium Rate Filing
  • Insurer experience valued as of March 31, 2020
  • Third quarter 2020 system diagnostics
  • Loss adjustment expense experience and alternative loss projection methodologies for the January 1, 2021 Pure Premium Rate Filing
  • Impact of the recent economic slowdown on pure premium rate projections
  • The potential impact of medical care delays on costs
  • The January 1, 2021 advisory pure premium rate to be proposed for the proposed new Clerical Telecommuter Employees classification

The full agenda, including the teleconference login information, is available on the Committee Documents page in the Filings and Plans section of the WCIRB’s website and through the following link:

July 29, 2020