Today’s issue of WorkCompRecap features the recent release of the California WCIRB’s Report on Q3 2013 Insurer Experience, which found that written premium for the first nine months of 2013 increased 19% compared to the first nine months of 2012.
Also of note was that projected indemnity claim frequency for the first nine months of 2013 is projected to be 5.0% higher than that for 2012, which itself is projected at almost 4% above 2011. WCIRB’s analysis attributed the 2012 bump to increases in cumulative injury claims, permanent disability claims, claims involving injuries to multiple body parts, and claims from the Los Angeles region.
Find out more (including a link to the free report!) by clicking here!