According to a report from the Insurance Journal, the written premium for California workers’ claims in 2021 was 2% lower than 2020 and 14% lower than 2019. The decrease was driven largely by a drop in the charged workers’ compensation insurance rate. Here, our Fresno workers’ compensation defense lawyer provides a more in-depth assessment of […]
Category Archives: WCIRB
According to a report from Business Insurance, so-called “frictional” workers’ compensation costs are down in 2021—but they still remain high in California. In fact, the frictional costs of the workers’ compensation system in California is nearly twice as high as the national average. Here, our Fresno workers’ compensation defense attorneys highlight the key things to […]
On June 25, 2021, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) released its official report on workers’ compensation “losses and expenses” for the year 2020. In total, workers’ compensation insurers paid out more than $12 billion to process and resolve claims in California last year—a nearly 10% decrease when compared to 2019. In […]
According to a report from the Insurance Journal, the committee governing the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has voted to move forward with a 2.7% increase to the “pure premium” of workers’ compensation rates. The governing committee of the WCIRB cited both the COVID-19 pandemic and other structural changes as significant factors […]