California – The WCIRB has completed its report summarizing insurer loss and premium experience through June 30, 2011. The Summary is based on data reported to the WCIRB by insurers who wrote about 100% of the statewide market.
Highlights from the report include:
- California written premium for the first nine months of 2011 came in at approximately $8.3 billion, which is about 12% above the written premium reported for the first nine months of 2010.
- The average statewide insurer rate per $100 of payroll for policies written in the first nine months of 2011 was $2.37, which is around 2% above the average rate charged for 2010, but almost 62% lower than the average rate charged in the second six months of 2003.
The complete report is available here (PDF): WCIRB Q3 2011 Insurer Results