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CA WCIRB Releases Third Quarter 2021 Experience Report

January 10, 2022 - WorkCompWire

Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its Quarterly Experience Report, an update on California statewide insurer experience valued as of September 30, 2021.

Highlights of the report include:

  • California written premium for the first nine months of 2021 is 3 percent below that for the first nine months of 2020, which includes some pre-pandemic data.
  • The average charged rate for the first nine months of 2021 is 6 percent below that for 2020.
  • The projected loss ratio, including COVID-19 claims, for accident year 2020 is 6 points above that for 2019.
  • The projected combined ratio for 2020, including COVID-19 claims, is 8 points higher than 2019 and 25 points higher than the low point in 2016.

The full report is available in the Research section of the WCIRB website and here: WCIRB Quarterly Experience Report – As of September 30, 2021 (PDF)

Source: CA WCIRB

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

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