On October 14, 2016, Commissioner Jones affirmed the expected loss rates used for the new Variable Split Experience Modification formula, taking effect on employer's WC anniversary dates in 2017.
The Commissioner also approved regulatory wording requiring insurers to report all incurred claims costs for any industrial injuries, including first aid and medical only claims. CALPASC has been concerned about the unintended consequences of this move. CALPASC members are encouraged to discuss this issue with their brokers, prior to their next WC insurance renewal.
This reporting only applies to insured employers, whether guaranteed costs or fronted, but does not apply to self-insured employers.
Bruce Wick will continue to pursue a program where medical only and first aid claims would be discounted under the Ex-Mod formula.
Contact Bruce at 909-793-9932, or email@example.com if you have any questions about this change.