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WCIRB |
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The WCIRB and the Insurance Commissioner have consistently underestimated the amount by which rates have to rise to meet costs," Wright said. The primary research for the report was conducted by collecting information from a wide range of organizations, including the California Department of Insurance, the WCIRB, the University of California Data/Survey Research Center and the California Workers' Compensation Institute, along with reviewing claim files and conducting surveys. This was a combined loss ratio that was almost unprecedented, anywhere at any time," said Dave Bellusci, senior vice president and chief actuary for the WCIRB. |
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