The Workers’ Compensation Insurance Rating Bureau of California recently posted registration information to its website for a free webinar exploring its seventh annual state of the system report.
The webinar will be from 11 a.m.-noon. Tuesday. The registration link is here.
Findings from the report include:
Premiums are expected to plummet in 2020.
Average insurer charged rates are at a 50-year low.
Claim frequency is flat.
Average claim cost trends are modest.
Frictional costs are “very high.”
Industry combined ratios are increasing.
Although most of the data to ...
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