SCIF Earned Premiums Down Slightly Through September

The $1.024 billion in net premiums earned by California’s State Compensation Insurance Fund through the end of September was 0.4% lower than last year, according to a summary of financial results that will be presented to the carrier’s board of directors next week. State Fund attributed the drop in earned premiums to a decrease in renewal business and an increase in audited premium. The carrier also reports that its loss and loss adjustment expense ratio of 99.2% is down 1 point from last year, while the underwriting expense ratio of 33.9% was 1 point higher. The combined ratio o...