Written Premium Down 13% in First Quarter of 2021

California written premium for the first quarter of 2021 is 13% below what it was for the first three months of 2020, according to the latest quarterly experience report published by the Workers’ Compensation Insurance Rating Bureau. Total written premium as of March 31, 2021, was $3.6 billion. At the same period in 2020, which preceded the start of the pandemic, total written premium was $4.2 billion. The WCIRB also reported the average charged rate of $1.74 per $100 of payroll for the first quarter of 2021 is 2% below the average charged rate of $1.77 for 2020. Average charged rates ...