WCIRB Posts Summary of 2nd-Quarter Insurer Experience

California carriers wrote $9.5 billion in premiums in the first six months of the year, a 7% increase over premiums written through the first two quarters of 2015, the Workers’ Compensation Insurance Rating Bureau reported. The average rate charged to employers — $2.90 per $100 of payroll — was also down compared to the $3.04 charged in the first six months of 2015. However, the WCIRB’s second-quarter insurer experience summary notes the average rate charged in the first half of the year was slightly higher than the $2.88 per $100 of payroll charged in the final h...