Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today.
The Workers’ Compensation Insurance Rating Bureau of California’s report released today examines losses and expenses for 2021.
Key findings in the report, which can be found on the WCIRB’s website in the research section, include:
- Medical losses paid in 2021 were $4.4 billion, or 53% of total loss payments.
- Indemnity benefits paid in 2021 were $3.8 billion, or 47% of total loss payments. Of this amount, temporary disability benefits accounted for 54% of indemnity payments and permanent partial disability benefits accounted for 35%.
Topics Trends California Carriers Profit Loss Workers' Compensation
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