California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels

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 Research section of the WCIRB website.

Topics California Workers' Compensation