Net premiums earned by California’s State Compensation Insurance Fund during the six-month period ending June 30 were 24.4% higher than they were for the same period in 2020, according to a report that will be presented at the carrier’s Aug. 25 board of directors meeting.
The report on statutory financial results credits an increase in reported payroll policies resulting from the reopening of businesses and a $45 million reduction in estimated audit premium last year for this year’s premium increase.
The 2021 loss ratio of 74.3% was 4.3 percentage points higher than last ye...
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