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The Workers’ Compensation Insurance Rating Bureau of California has released its report on workers’ comp losses and expenses for 2019.

Findings in the WCIRB report, , include:

• Medical losses paid in 2019 were $4.6 billion, or 55% of total loss payments. These amounts were comparable to those in 2018.
• Indemnity benefits paid in 2019 were $3.8 billion, or 45% of total loss payments. Of this amount, temporary disability benefits accounted for 50 percent of indemnity payments and permanent partial disability benefits accounted for 39%.
• Total insurer combined losses and expenses incurred in 2019 were $13.2 billion, or 82% of calendar year premium, compared to $13.3 billion (or 77% of calendar year premium) in 2018.

This report is prepared annually pursuant to Section 11759.1 of the California Insurance Code.

Related:

• Study: Sharp Drop in California Workers’ Comp Independent Medical Reviews
• California Workers’ Comp Bureau Lowers Mid-Range Estimate of COVID Costs by $10B
• What to Expect in Workers’ Compensation Costs From COVID-19: NCCI

Topics California Profit Loss Workers' Compensation