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Written Premium Projected to Decline for 1st Time in 8 Years

Wednesday, December 20, 2017 | 1032 | 0 | 251 min read

California’s written workers’ compensation premium is on track to decline in 2017 for the first time in eight years as premiums charged by carriers continued to drop and a slight decline in claim frequency was offset by only a modest increase in severity, according to a third-quarter report by the Workers’ Compensation Insurance Rating Bureau.  The WCIRB said California insurers reported $13.5 billion in written premiums (gross of deductibles) in the first nine months of the year, 4% lower than the first nine months of last year. Written premiums increased steadily...

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