Workers’ Comp Claims For COVID-19 May Not Be as High as Expected

| posted in Blog, Newsletter

There is some good news coming out in terms of workers’ compensation claims for COVID-19 in California. Overall workers’ comp claims tied to the coronavirus may not be as numerous and as costly as originally thought. Gov. Gavin Newsom in early March announced that any worker who is reporting to a worksite in California and contracts COVID-19 will automatically be eligible for workers’ comp benefits on the presumption that it was contracted at work. This announcement came after the Workers’ Compensation Insurance Rating Bureau filed a recommendation for special rules that would exempt COVID-19 workers’ compensation claims from an employer’s…
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Rating Agency Calls for 7.2% Workers’ Comp Rate Cut

| posted in Blog

Thanks to reforms enacted in 2014, California’s workers’ comp rating agency is recommending that the average benchmark rate be cut by 7.2% for policies effective July 1 and onward. The filing made by the Workers’ Compensation Insurance Rating Bureau is for the state’s pure premium rates, which are essentially the base rates to cover expected costs of claims and claims-adjusting expenses across all worker class codes. The rates are advisory only and insurers can price their policies as they wish, so there are no guarantees that any particular employer will see a rate decrease when their policy renews. The rate…
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