Written Premium Down 8% Through First Half of 2021

Written premium for the first half of 2021 is down 8% compared to the same period in 2020, according to the latest quarterly experience report by the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB reports written premium of $7 billion as of June 30. The WCIRB also reports that it is estimating modest growth in written premium for the full calendar year of 2021 compared to 2020. Written premium for 2020 is $14 billion, down 12% or $1.9 billion, compared to 2020 and the lowest since 2012. The WCIRB also reports that industry average charged rates fell 5% in the f...