Written Premium Down 4% in 1st Quarter

Written premium of $4.1 billion in the first three months of 2025 is down 4% compared to the same period in 2024, according to the latest quarterly experience report from the Workers' Compensation Insurance Rating Bureau of California. The WCIRB also reports that after 10 years of year-over-year decreases since 2014, the average charged rate in the first three months of 2025 was 1% higher than it was in 2024. The combined loss and expense ratio increased by 13 percentage points to 127% in 2024. The combined ratio for 2024 is the highest since the 147% rate notched in 2001. The comb...