Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its Quarterly Experience Report, an update on California statewide insurer experience valued as of June 30, 2020.
Highlights of the report include:
- California written premium for the first two quarters of 2020 is 11 percent below that for the first two quarters of 2019.
- The average charged rate for the first two quarters of 2020 is 8 percent below that for 2019 and 40 percent below the peak in 2014.
- The COVID-19 pandemic and economic slowdown resulted in significant decreases in the premiums written, claims reported and claims settled in the second quarter of 2020.
The full report is available in the Research section of the WCIRB website and here: WCIRB Quarterly Experience Report – As of June 30, 2020 (PDF)
Source: CA WCIRB