California written premium through the first nine months of 2022 is 15% above that for the first nine months of 2021, driven by higher wages and the continuing economic recovery, the Workers’ Compensation Insurance Rating Bureau said in its latest report on statewide insurer experience valued as of Sept. 30.
Premium on policies incepting in the three quarters of 2022 is 7% higher than premium on policies incepting in the first nine months of 2021, the WCIRB said in its latest quarterly experience report.
Average charged rates are down 7% compared to the same period in 2021 and the lowe...
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