Premium for written workers in California for the first half of 2021 decreased by 8% from the same period in 2020, according to the latest quarterly report from Workers & # 39; Compensation Insurance Rating Bureau of California.
WCIRB reported a written premium of $ 7 billion as of June 30. It is said that it expects modest growth in written premiums for the year, compared to 2020.
WCIRB said that the industry's average charged interest rates fell 5% in the first half of this year to $ 1.68 per $ 100 payroll and was the lowest for decades.
Ultimate damages, excluding COVID-19 claims, increased by 6% in 2020 to $ 2,8203 from $ 26,636 in 2019. WCIRB said the preliminary estimate was based primarily on temporary disability benefits paid in 2020 claims.
WCIRB reported that ultimate medical difficulties, including excluding COVID-19 claims, decreased by approximately 1% in 2020 to $ 28,364, from $ 28,739 in 2019.
WorkCompCentral is a sister business insurance policy. More stories here .