Highlights of the report include:
California written premium for the first six months of 2022 is 27 percent above that for the first six months of 2021, driven by the continued economic recovery.
- The average charged rate for the first half of 2022 is 3 percent below that for 2021 and the lowest in decades.
- The projected loss ratio for 2021, including the cost of COVID-19 claims, is 6 points above that for 2020 and 12 points above that for 2019.
- The projected combined ratio for 2021, including COVID-19 claims, is 8 points higher than 2020 and 33 points higher than the low point in 2016.
- The full report is in the Research section of the WCIRB website and at the following link: