Encouraging Trends in Latest Insurer Data

Second-quarter data from California insurers shows relatively flat claim severity, less growth in frequency than projected based on first-quarter data and better combined ratios as written premium continues to increase, Workers’ Compensation Insurance Rating Bureau actuaries said Thursday. Carriers are on pace to write $16.1 billion in premium in 2014, having already recorded $8.2 billion through the first six months of the year, WCIRB Vice President and Actuary Tony Milano said during a webinar. The projected total written premium for calendar year 2014 would be 8.7% more than the $14....