Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its report on workers’ compensation losses and expenses for 2019. The report is prepared annually pursuant to Section 11759.1 of the California Insurance Code.
Key findings include:
- Medical losses paid in 2019 were $4.6 billion, or 55 percent of total loss payments. These amounts were comparable to those in 2018.
- Indemnity benefits paid in 2019 were $3.8 billion, or 45 percent of total loss payments. Of this amount, temporary disability benefits accounted for 50 percent of indemnity payments and permanent partial disability benefits accounted for 39 percent.
- Total insurer combined losses and expenses incurred in 2019 were $13.2 billion, or 82 percent of calendar year premium, compared to $13.3 billion (or 77 percent of calendar year premium) in 2018.
To view the report, visit the Research section of wcirb.com or click here: CA WCIRB: 2019 California Workers’ Compensation Losses and Expenses (PDF)
Source: CA WCIRB