We are now at our final entry reviewing the key chapters of the Arthurs Report. We will not be reviewing chapter 9, which comments on a number of matters that Professor Arthurs felt compelled to mention, but which he says fell outside his mandate. To conclude then, chapter 7 of the Report considers funding occupational…
In this entry, we overview Chapter 4 of the Arthurs Report, which deals with the recommended principles and processes related to premium rate setting by the WSIB. At the core of his recommendations in this respect is the notion that what is required in rate setting is more reliance on actuarial experts having the discipline to stick to…
In our last entry we reviewed the origins of the Arthurs Report, the WSIB Funding Review which led to it and the current state of the WSIB’s unfunded liability (UFL), which is to the tune of $14.5 billion. As we noted, the UFL is a serious and pressing problem because it carries with it a…
As we recently reported, the Arthurs Report, formally titled Funding Fairness: A Report on Ontario’s Workplace Safety and Insurance System, has been released and is available online. The 188 page report covers a lot of ground and so we have decided to review it in a series of blog entries. We will begin with…