The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its Quarterly Experience Report. This report is an update on California statewide insurer experience valued as of June 30, 2022. Highlights of the report include: California written premium for the first six months of 2022 is 27 percent above that for the first six… Continue reading California Work Comp Written Premium Up 27% in First Half 2022 Over Last Year
Tag: California Workers Comp
California Makes Insurers Cut Workers’ Comp Premiums
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers’ compensation insurance, citing lower risk factors as millions of employees work from home. Much like refunds on auto insurance policies prompted by lower driving risk under coronavirus lockdowns, California’s emergency regulation reflects the reduced risk of… Continue reading California Makes Insurers Cut Workers’ Comp Premiums