Combined Ratio Falls to 91% in Calendar Year 2017

California carriers spent 91% of premiums earned in calendar year 2017 on losses and expenses, down from 94% in 2016, according to a year-end report on losses and experience published by the Workers’ Compensation Insurance Rating Bureau. Carriers paid a combined $16.2 billion in losses and expenses last year, representing 91% of the $17.7 billion in premiums earned. That compares to 2016, when combined loss and expense payments of $16.9 billion accounted for 94% of the $18 billion in earned premium. The WCIRB reports that medical losses paid in 2017 were $4.7 billion. Medical accounted...