WCIRB: Written Premium Falls, Frequency and Combined Ratio Rise

Written premium for 2021 was 2% below that for 2020 and 14% below that for 2019, the Workers’ Compensation Insurance Rating Bureau of California said in its fourth quarter experience report released Wednesday. The WCIRB also reports that the combined ratio increased in 2021, as did indemnity claim frequency. The WCIRB reports written premium for 2021 totaled $13.7 billion compared to $14 billion in 2020 and $15.9 billion in 2019. Written premium has been on the decline since peaking at $18.1 billion in 2016. Industry average charged rates have also been consistently declining since a ...