WC Profitability Lower Than Most States, but Better Than Last Year

The profitability of workers' compensation for California insurers in 2014 ranked nearly on the bottom of 42 states for which complete data was available, but that was far better than the year before, according to a bulletin issued by the California Workers' Compensation Institute last week. The annual report by the National Association of Insurance Commissioners showed California workers' compensation insurers average a 5.8% return on net worth in 2014, up from 3% in 2013. California ranked 38 out of 42 states for which full data, including information from state funds, was avail...