WCIRB Slaps 150% Fee Hike on Special Inspections: A Quiet Squeeze on California's Insurers
Imagine requesting a routine check on a client's worksite classification, only to get hit with a $500 bill—up from $200. WCIRB's fee jump isn't just inflation; it's a window into the grinding economics of workers' comp oversight.
⚡ Key Takeaways
- WCIRB's 150% fee hike on special inspections reflects surging operational costs amid California's regulatory pressures. 𝕏
- This pushes insurers toward automation, potentially slashing future demand for physical inspections. 𝕏
- Small brokers face the biggest hit, accelerating market consolidation in workers' comp. 𝕏
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Originally reported by Insurance Journal