California workers’ compensation insurers’ average return on net worth increased for the second year in a row in 2011, according to the latest National Association of Insurance Commissioners report on insurer profitability.
The report shows California insurers’ 2011 return improved from 5.2 percent in 2010 to 7.4 percent in 2011, making California 15th out of the 46 states that operate without a monopolistic state fund.
NAIC represents insurance commissioners from all 50 states, the District of Columbia, and four U.S. territories.
California’s 10-year average for workers’ comp insurers is 7.1 percent. For all lines in the state it’s 9.8 percent, according to the report.
The report shows the U.S. average for workers’ compensation insurers was 6.7 percent, while the average for all lines was 7.7 percent.
Was this article valuable?
Here are more articles you may enjoy.
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years 
California Workers’ Comp Combined Ratio Highest in More Than 20 Years 
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event From This Issue
