If workers compensation were an aquarium, most states would be a small to medium sized fish. A couple would be guppies. Some would be dolphins. Illinois would be a shark. And California would be a whale. Workers' Compensation
Representing over 20% of the entire workers compensation market, the significance of the state in the overall system is undeniable.
Thursday the Workers Compensation Insurance Rating Bureau (WCIRB) held its annual conference in San Francisco. They spent the day educating their stakeholders on the state of the system and looking at some of the challenges that lay ahead for it.
The WCIRB is, according to their website, “Californias trusted, objective provider of actuarially-based information and research, advisory pure premium rates, and educational services integral to a healthy workers compensation system.” They essentially are to the Golden State what NCCI is to over 30 states.