Written premium for the first nine months of 2021 is down 3% compared to the same period in 2020, the Workers’ Compensation Insurance Rating Bureau of California said in its 3rd Quarter Experience Report released Tuesday.
The WCIRB also said it estimates written premium for the full 2021 calendar year will be consistent with 2020.
Written premium for 2020 of $14 billion was down $1.9 billion, or 12%, compared to the $15.9 billion in written premium recorded in 2019. Total written premium for 2020 hit the lowest level since 2012, the WCIRB said.
The average charged rate for the first n...
Comments