adjustercom.com
adjustercom.net
The Stockwell Firm adjustercom publishes your thoughts and ideas...
Home
News

 Features


Other Claims News
People
Forums
The Comp Examiner Directory
The Liability Adjuster Directory
Service Provider Directory
Post a Job
View Jobs
Resumes
View Resumes
Contact Us

Adjusters Friend

jobs.adjustercom.com

 

Place Your Banner Here With A Click

 

 


Welcome Guest! | Login | Register with adjustercom
 
 
News

News Main Page

Email a Friend Email A Friend

More News

February 11, 2025
Medical inflation top focus for executives as reports highlight workers' compensation injury inclinations

February 10, 2025
Perceptible New Orientations in Workers' Compensation Claims and Insurance On The Horizon

February 7, 2025
California Division of Workers' Compensation Issues Notice of Public Hearing on March 14, 2025 for Proposed Evidence-Based Update and Adoption to the Medical Treatment Utilization Schedule

February 6, 2025
California Division of Workers' Compensation Posts Additional Adjustment to Official Medical Fee Schedule for Pathology and Clinical Laboratory



The WCIRB Releases Update to Report of Economic Changes Upon Workers' Compensation in California
By Lonce Lamonte - July 15, 2024

According to the Workers' Compensation Insurance Rating Bureau (WCIRB), the predicted changes in workers' compensation claims gravity and occurrences will be small in California because of its industry variation in employment.

Also stated in the update, employment in most industries recovered from the pandemic related changes by the end of the year 2022.

Employment in hospitality recovered in 2023. Retail employment is expected to stay below 2019 levels until 2026. Construction employment is expected to have moderate growth in 2024 and 2025. Then, it's expected to slow down in 2026.

The overall growth should be on a par with the slower than moderate growth in construction anticipated for 2026. Overall, wages are expected to increase in 2025 and 2026, but less, at a lower level of increase.

Unemployment should go modestly up and then modestly down in 2024. Overall, they should remain at low levels, the report indicates.

Increases in unemployment go with decreases in indemnity claim numbers. With the forecast of unemployment rates small, there comes a small impact on changes in indemnity claims frequencies.

Claims frequency substantially went up in 2021 because of the mixture of industry employment. The increase was driven mostly by the comeback of hospitality employment. Modest industry variation impacts on claims numbers and seriousness are expected to continue and offset one another.

According to the WCIRB this will yield an insignificant impact on pure premium through the year 2026 .

Lonce Lamonte
journalist
lonce@adjustercom.com
www.adjustercom.com

 
 

 Hot Jobs


Attorney / Paralegal / Hearing Rep
Writer - topic: claims; legal perspective
adjustercom
universe wide
View All Jobs

The J Morey Company

Build Your Brand

jobs.adjustercom.com

The J Morey Company


    Copyright 2025 | Privacy Policy | Feedback |  

Web site engine's code is Copyright © 2003 by PHP-Nuke. All Rights Reserved. PHP-Nuke is Free Software released under the GNU/GPL license.