Despite Drop in Profitability, Golden State Comp Outperforms National Market

Comp carriers realized a lower return on net worth in 2020 than the previous two years, but the Golden State still had better results than those of comp carriers throughout the country, according to a research bulletin that the California Workers’ Compensation Institute published Wednesday. “New data from the National Association of Insurance Commissioners show California workers’ compensation insurers' return on net worth declined from 13.7% in 2019 to 10.9% in 2020, the sharpest year-to-year decline since 2012, but the California workers’ compensation insurers&rs...