The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its Quarterly Experience Report. This report is an update on California statewide insurer experience valued as of June 30, 2024.
Highlights of the report include:
- Written premium in 2023 is slightly above 2022, while written premium for the first six months of 2024 is 2 percent lower than the first six months of 2023.
- The average charged rate for the first six months of 2024 is 2 percent higher than 2023, suggesting the recent rate declines are flattening.
- Following five consecutive increases, the projected combined ratio, including COVID-19 claims, has changed modestly since accident year 2021.
The full report is in the Research Studies and Reports section of the WCIRB website and at the following link: