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WCIRB Expects Written Premium to Recover by End of 2022

By Michael Bradford (CORRESPONDENT)

Wednesday, October 6, 2021 | 0

California’s workers compensation market, rattled by the COVID-19 pandemic, is still seeing anemic rates but writings are expected to inch up by the end of the year. In a webinar discussing the findings of its latest quarterly experience report covering the period that ended June 30, the Workers Compensation Insurance Rating Bureau of California projected slight growth in written premiums for the year as the state’s economy recovers from the COVID-19 crisis. Written premiums of $7 billion in the first six months of this year are about 8% less than during the same period in 2020, ...

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