Bulletin No April 3, 2012

Transcription

1 WCIRB Bulletin Bulletin No April 3, Market Street, Suite 800 San Francisco, CA Fax Minutes of the Ninety-Sixth Annual Meeting of the Held Thursday, March 22, 2012 In accordance with Article XI, Paragraphs (1) and (2) of the Workers Compensation Insurance Rating Bureau of California (WCIRB) Constitution, all members had been duly notified of the WCIRB s Ninety- Sixth Annual Meeting, which was held on March 22, 2012 in the offices of the WCIRB, located at 525 Market Street, in San Francisco, California. Attached are the Minutes of the meeting. WCIRBCalifornia All Rights Reserved. See for more information.

2 WCIRBCalifornia Ninety-Sixth Annual Meeting of the Workers Compensation Insurance Rating Bureau of California Meeting Minutes Date Time Location Staff Contact March 22, :00 AM WCIRB Timothy A. Benjamin San Francisco, CA Senior Vice President 525 Market Street, Suite 800 San Francisco, CA Fax Released: April 3, 2012 In accordance with Article XI, Paragraphs (1) and (2) of the Worker s Compensation Insurance Rating Bureau of California (WCIRB) Constitution, all members had been duly notified of the WCIRB s Ninety- Sixth Annual Meeting, which was held on March 22, 2012 in the office of the WCIRB, located at 525 Market Street in San Francisco, California. Upon being advised that a quorum of Regular Members was present, the meeting was called to order at 9:00 AM, with Mr. William J. Mudge, President, presiding. In his opening remarks, Mr. Mudge noted that the WCIRB is nearing its 100 th anniversary and provided the members with a summary of recent achievements and current activities that will leverage technology, transparency and teamwork to modernize its operations and ensure that it is ready and relevant in the next era. Specific mention was made of the recently launched coverage website, the medical transactional data collection system to be launched this coming summer, and the ongoing project to replace the mainframe computer systems and transform its internal operations to become more efficient and enable development and delivery of new products and services. Also noted was the WCIRB s efforts toward more transparency by making more information available to the public and though the use of Internet social media as an additional vehicle for pushing communications. Finally, Mr. Mudge advised the members of new efforts toward renewing and strengthening partner relationships with key state government agencies. Consideration of the Annual Report The 2011 Annual Report was made available to all members on the WCIRB website at Hard copies of the Annual Report were distributed at the meeting. Following the presentation, the president called for a motion to accept the Report. A motion was so made and duly seconded. As there were no questions or discussion, the motion was passed unanimously by those present and voting. Antitrust Notice As members of the, you are bound, when involved in meetings or other activities of the WCIRB California, to limit your actions (and discussions other than social ones) to matters relating to the business of the WCIRB California. Matters that do not relate directly to WCIRB California business should be avoided. Members should particularly avoid discussions or conduct that could be construed as intended to affect competition (or access to markets). Thus, as members, you should not discuss or pursue the business interests of individual insurers or others, including, in particular, the plans of individual members involving, or the possibility or desirability of (a) raising, lowering or stabilizing prices (premiums or commissions), (b) doing business or refusing to do business with particular, or classes of, insurers, reinsurers, agents, brokers or insureds, or in particular locales, or (c) potential actions that would affect the availability of products or service either generally or in specific markets or locales All Rights Reserved. See for more information.

3 Amendments to WCIRB Constitution The members were advised that the California Department of Insurance (CDI) Examination Report dated August 10, 2011 made several recommendations regarding WCIRB committee meeting participation. Specifically, the CDI recommended that the WCIRB provide the members of the Governing Committee access to all WCIRB committee, subcommittee, special committee and task force meetings, and that the WCIRB permit members of the Actuarial Committee to attend meetings of the Claims Subcommittee and members of the Classification and Rating Committee to attend meetings of the Manual Subcommittee. The members were advised that the Governing Committee is in unanimous agreement with the CDI s recommendations, and that in order to facilitate these changes, proposes that Article X be amended to delete Section 8. Following the presentation, a motion was made, and duly seconded to adopt the amendment as presented. There being no questions or discussion, the motion was passed unanimously by those present and voting. Election of Members to the Governing Committee The Membership had been advised in advance of the meeting that the terms of ACE Property and Casualty Insurance Company, Employers Compensation Insurance Company and Travelers Indemnity Company had expired, and that their successors needed to be elected for terms running from the present annual meeting to the date of the annual meeting in The president called for nominations. The spokesperson for the Nominating Committee reported that, as a result of its meeting held on February 24, 2012, ACE Property and Casualty Insurance Company, National Union Fire Insurance Company of Pittsburgh, PA and Zenith Insurance Company had been nominated for terms running from the present annual meeting to the date of the annual meeting in As there were no further nominations, a motion was made, duly seconded and unanimously passed by those present and voting to close the nominations. A motion then was made, duly seconded and unanimously passed by those present and voting instructing the secretary to cast a unanimous ballot for the foregoing nominees. The following WCIRB members will serve on the Governing Committee for 2012: ACE Property and Casualty Insurance Company National Union Fire Insurance Company of Pittsburgh, PA Pacific Compensation Insurance Company Hartford Accident and Indemnity Company Oak River Insurance Company State Compensation Insurance Fund Zenith Insurance Company Zurich American Insurance Company Election of Members to the Classification and Rating Committee The Membership had been advised in advance of the meeting that the terms of CompWest Insurance Company and Travelers Indemnity Company had expired and that their successors needed to be elected for terms running from the present annual meeting to the date of the annual meeting in The president called for nominations. The spokesperson for the Nominating Committee reported that as a result of its meeting held on February 24, 2012, SeaBright Insurance Company and Travelers Indemnity Company had been nominated for terms running from the present annual meeting to the date of the annual meeting in As there were no further nominations, a motion was made, duly seconded, and unanimously passed by those present and voting to close the nominations. A motion then was made, duly seconded and 2

4 unanimously passed by those present and voting instructing the secretary to cast a unanimous ballot for the foregoing nominees. The following WCIRB members will serve on the Classification and Rating Committee for 2012: Pacific Compensation Insurance Company 1 National Union Fire Insurance Company of Pittsburgh PA Republic Indemnity Company of America SeaBright Insurance Company State Compensation Insurance Fund Travelers Indemnity Company United States Fire Insurance Company * * * * * * * As there was no further business to come before the Membership, the meeting was adjourned. 1 Formerly Employers Direct Insurance Company 3

5 Members: Roster of Regular Members Present at the Ninety-Sixth Annual Meeting Representative: Advantage Workers Compensation Insurance Company...Pacific Compensation Insurance Company Alleghany Group...Joyce Schulman Pacific Compensation Insurance Company American Financial Group... Dwayne Marioni Great American Alliance Insurance Company Great American Assurance Company Great American Insurance Company Great American Insurance Company of New York National Interstate Insurance Company Republic Indemnity Company of America Republic Indemnity Company of California Vanliner Insurance Company American International Group...Rose Barrett AIU Insurance Company American Home Assurance Company Chartis Property Casualty Company Commerce and Industry Insurance Company Granite State Insurance Company Insurance Company of the State of Pennsylvania (The) National Union Fire Insurance Company of Pittsburgh, Pa. New Hampshire Insurance Company Arch Insurance Group...Pacific Compensation Insurance Company Arch Insurance Company Argonaut Group...Pacific Compensation Insurance Company Argonaut Insurance Company Argonaut-Midwest Insurance Company Argonaut-Southwest Insurance Company BancInsure, Inc....Pacific Compensation Insurance Company Berkshire Hathaway...Pacific Compensation Insurance Company California Insurance Company Commercial Casualty Insurance Company Continental Indemnity Company Cypress Insurance Company Fairfield Insurance Company General Reinsurance Corporation National Liability and Fire Insurance Company Oak River Insurance Company Redwood Fire and Casualty Insurance Company Blue Cross Blue Shield of Michigan Group... John Gagan CompWest Insurance Company Brotherhood Mutual Insurance Company...Pacific Compensation Insurance Company California Casualty Management...Pacific Compensation Insurance Company California Casualty & Fire Insurance Company California Casualty Compensation Insurance Company 4

6 California Casualty General Insurance Company of Oregon California Casualty Indemnity Exchange (The) California Casualty Insurance Company Cincinnati Financial Corporation...Pacific Compensation Insurance Company Cincinnati Insurance Company (The) Delek Group...Pacific Compensation Insurance Company Southern Insurance Company Delphi Financial Group...Pacific Compensation Insurance Company Safety National Casualty Corporation Employers Insurance Group...T. Hale Johnston Employers Compensation Insurance Company Endurance Group...Pacific Compensation Insurance Company Endurance Reinsurance Corporation of America Everest Reinsurance Holding Inc...Gary Mathewson Everest National Insurance Company Fairfax Financial...Pacific Compensation Insurance Company Fairmont Insurance Company Fairmont Premier Insurance Company North River Insurance Company (The) TIG Insurance Company United States Fire Insurance Company Zenith Insurance Company ZNAT Insurance Company Hartford Fire & Casualty Group...Pacific Compensation Insurance Company Hartford Accident and Indemnity Company Hartford Casualty Insurance Company Hartford Fire Insurance Company Hartford Insurance Company of the Midwest Hartford Underwriters Insurance Company Sentinel Insurance Company, Ltd. Twin City Fire Insurance Company Liberty Mutual Group...Pacific Compensation Insurance Company American Economy Insurance Company American States Insurance Company American States Insurance Company of Texas Employers Insurance Company of Wausau First Liberty Insurance Corporation (The) First National Insurance Company of America General Insurance Company of America Golden Eagle Insurance Corporation Liberty Insurance Corporation Liberty Mutual Fire Insurance Company Liberty Mutual Insurance Company Liberty Northwest Insurance Corporation LM Insurance Corporation Netherlands Insurance Company (The) Peerless Indemnity Insurance Company Peerless Insurance Company SAFECO Insurance Company of America 5

7 SAFECO Insurance Company of Illinois Wausau Business Insurance Company Wausau Underwriters Insurance Company Meadowbrook Insurance Group...Pacific Compensation Insurance Company Star Insurance Company Williamsburg National Insurance Company MS & AD Insurance Group...Pacific Compensation Insurance Company Mitsui Sumitomo Insurance Company of America Mitsui Sumitomo Insurance USA Inc. Munich American Holding Corporation...Pacific Compensation Insurance Company American Alternative Insurance Corporation Munich Reinsurance America, Inc. National American Insurance Company...Pacific Compensation Insurance Company QBE Insurance Group Limited...Pacific Compensation Insurance Company General Casualty Company of Wisconsin Praetorian Insurance Company Regent Insurance Company Unigard Indemnity Company Unigard Insurance Company SeaBright Insurance Company...Pacific Compensation Insurance Company State Compensation Insurance Fund...Thomas Rowe Swiss Re Group...Pacific Compensation Insurance Company North American Specialty Insurance Company Westport Insurance Corporation Travelers Group...Pacific Compensation Insurance Company Athena Assurance Company Discover Property and Casualty Insurance Company Farmington Casualty Company Fidelity and Guaranty Insurance Company Fidelity and Guaranty Insurance Underwriters, Inc. Select Insurance Company St. Paul Fire and Marine Insurance Company St. Paul Guardian Insurance Company St. Paul Mercury Insurance Company St. Paul Protective Insurance Company Standard Fire Insurance Company (The) Travelers Casualty and Surety Company Travelers Casualty and Surety Company of America Travelers Casualty Company of Connecticut Travelers Casualty Insurance Company of America Travelers Commercial Insurance Company Travelers Indemnity Company (The) Travelers Indemnity Company of Connecticut (The) Travelers Property Casualty Company of America United States Fidelity and Guaranty Company WR Berkley Corporation...Pacific Compensation Insurance Company Berkley Regional Insurance Company Great Divide Insurance Company Preferred Employers Insurance Company 6

8 Zurich Insurance Group...Pacific Compensation Insurance Company American Guarantee and Liability Insurance Company American Zurich Insurance Company Assurance Company of America Fidelity and Deposit Company of Maryland Maryland Casualty Company Northern Insurance Company of New York Universal Underwriters Insurance Company Zurich American Insurance Company Zurich American Insurance Company of Illinois 7