Calif. workers’ comp written premiums down 17%

The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007.

According to the report: “California written premium reported for the first quarter of 2007 is estimated at $4 billion, approximately 17 percent below the written premium reported for Q1 of 2006. The average statewide insurer rate per $100 of payroll for policies written in Q1 is $2.93, 23 percent below the average rate charged for the first six months of 2006 and 55 percent below the average rate charged in the second six months of 2003.”

To view the full report, visit https://wcirbonline.org/resources/data_reports/pdf/073103_insurer_exp_report.pdf.