The Workers' Compensation Insurance Rating Bureau released its 2025 State of the System report, providing an overview of California's system.
The report highlights recent trends in premium levels, market dynamics and system costs, with key findings that include:
Premiums and rates are leveling off.
Cumulative trauma claims are driving up claim frequency and loss adjustment expenses.
Average medical and allocated loss adjustment expenses are increasing.
Claim duration shows little improvement.
The combined ratio has reached a historic high.
Insurance Commissioner Ricardo...
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