Today’s issue of WorkCompRecap features a couple of pieces of news coming out of the California WCIRB, as they announced that their actuarial committee will meet later this month to review recently reported December 31, 2011 statewide insurer premium and loss experience, among other info. Highlights from the experience include 2011 earned premium being 8% more than it was for 2010, and indemnity claim frequency and average claim severity on indemnity claims is emerging at levels relatively similar to that for 2010.
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The CA WCIRB have also announced the release of their 2011 Annual Report, including summaries of activities for WCRIB’s Governing, Classification and Rating, and Actuarial committees, as well as core operations.
Find out more (including a link to the free report!) by clicking here!