Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its report on workers’ compensation losses and expenses for 2020.
Key findings in the report include:
- Medical losses paid in 2020 were $4.2 billion, or 53 percent of total loss payments.
- Indemnity benefits paid in 2020 were $3.7 billion, or 47 percent of total loss payments. Of that amount, temporary disability benefits accounted for 53 percent of indemnity payments and permanent partial disability benefits accounted for 36 percent.
- Total insurer combined losses and expenses incurred in 2020 were $12 billion, or 85 percent of calendar year premium, compared to $13.2 billion (or 82 percent of calendar year premium) in 2019.
The report is prepared annually pursuant to Section 11759.1 of the California Insurance Code.
Read the free report: CA WCIRB: 2020 California Workers’ Compensation Losses and Expenses (PDF)
Source: CA WCIRB