California written premium for the first quarter of 2019 is 12% down compared to the same period for 2018, suggesting premium decreases will escalate this year, according to the latest report from the Workers’ Compensation Insurance Rating Bureau.
Other highlights in the quarterly experience report for the three-month period ending March 31 that the WCIRB released Tuesday include:
The average charged rate for the first three months of 2019 is down 10% compared to 2018 and is 31% below the most recent peak in 2014.
The WCIRB projects the ultimate accident year loss ratio for 2018 to ...
Comments