WCIRB: Premium Up 27% in First Half of '22

California's written premium for the first six months of 2022 is 27% higher than it was at this point in 2021, driven by the continued economic recovery, the Workers’ Compensation Insurance Rating Bureau reported. The WCIRB, in its latest quarterly experience analysis, reported written premium of $8.9 billion through the period ending June 30. The industry average charged rate of $1.74 per $100 of payroll during this period was about 3% lower than the average $1.80 paid in 2021. The WCIRB said the projected loss ratio for 2021, including the cost of COVID-19 claims, is 68%, up fro...