Today’s issue of WorkCompRecap features a new spotlight report from the CA WCIRB that focuses on the changes to the experience rating values contained in the California Workers’ Compensation Experience Rating Plan that became effective on January 1.
The WCIRB noted that they had been receiving significant numbers of questions from stakeholders regarding the effects of changes to the Experience Rating Plan’s credibility values, which are used in the experience rating formula to reflect the weight given to an employer’s past claims experience as a predictor of future claims.
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