Recently reported data shows comp carriers in the Golden State saw their return on net worth climb to 14.5% in 2023 from 10.6% in 2022, according to a new bulletin by the California Workers’ Compensation Institute.
CWCI said data reported by the National Association of Insurance Commissioners revealed the sharpest year-to-year increase in return on net worth since 2018, when it increased to 14.3% from 9.9% in 2017.
CWCI also reported that the return on net worth for California work comp carriers in 2023 was higher than the average 14.3% return for comp carriers nationwide.
“The ...
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