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Written Premium Hits Highest Mark since 06

By Greg Jones (Senior Editor)

Tuesday, April 8, 2014 | 0

Written premium increased 18.4% from $12.5 billion in 2012 to $14.8 billion in 2013 and is the highest premium total since 2006, the Workers’ Compensation Insurance Rating Bureau said in its summary of Dec. 31, 2013, insurer experience.With projected total ultimate losses and allocated loss-adjustment expenses of $12.5 billion for the accident year 2013, the Rating Bureau projects an ultimate accident year loss and ALAE ratio of 86.5% for accident year 2013, lower than it’s been in each of the past four accident years.Projected accident year combined loss and expense ratios also im...

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