A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14% above the previous year.
The WCIRB’s Quarterly Experience Report is an update on California statewide insurer experience as of September 30, 2023.
Highlights of the report include:
- Written premium in 2022 is 14% higher than 2021 and almost at the pre-pandemic level.
- The average charged rate for the first nine months of 2023 continues to decrease.
- The projected loss ratio, including the cost of COVID-19 claims, dropped 2 points in accident year 2022.
- The projected combined ratio for accident year 2022, including COVID-19 claims, is 6 points lower than in 2021.
The full report is in the section of the WCIRB website.
Topics California Workers' Compensation
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