A seven-year run of accident year combined ratios below 100% is projected to end in 2020, according to the latest insurer experience report published by the Workers’ Compensation Insurance Rating Bureau of California.
The WCIRB projects a combined ratio of 102% for 2020, up from 95% in 2019. The combined ratio has been below 100% — meaning carriers are paying out more in claims than they’re collecting in premiums — since 2013. The ratio fell as low as 79% in 2016 and has been climbing since.
However, the WCIRB said the projected combined ratio for 2020 is 96% if all C...
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