“Catastrophe Loading” for Workers’ Compensation Insurance Rates?

OAKLAND -- The Workers' Compensation Insurance Rating Bureau has directed its staff to find data that could eventually support a terrorist or catastrophic-loss loading to rates, according to Workers' Comp Executive, our sister publication.The National Council on Compensation Insurance already has recommended in about 20 states that existing workers' comp rates be loaded with an extra 4 percent overall to cover the risk of catastrophic events, including terrorist attacks or natural disasters. A Ca