After declining for four consecutive years, California workers’ compensation insurers’ return on net worth showed signs of improvement in 2010.
That’s according to the data from the National Association of Insurance Commissioners, which was compiled, analyzed and released by the California Workers’ Compensation Institute on Tuesday.
The data puts California insurers’ 2010 return on net worth at 5.2 percent, up noticeably from 4.6 percent in 2009. That ups the state’s ranking from 25 to a tie for 18 out of 46 states that operate without a monopolistic state fund. Worker’s comp 10-year average is 5.6 percent, the report shows.
Workers’ comp wasn’t the only line that was up from 2009 to 2010, according to the data. The average return on net worth of all lines in California rose to 9.7 percent, up from 9.4 percent the year before.
Was this article valuable?
Here are more articles you may enjoy.