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Direct premiums fall in Calif. Again



Total direct-written premiums in California's Compensation Compensation Scheme fell for the second consecutive year, declining by 3.8% to less than $ 12.3 billion in 2018, according to a report by the California Workers Compensation Institute on Monday.

The card, based on data compiled by the National Association of Insurance Commissioners, revealed those of the 10 largest insurance companies in the state, all but one wrote minor premium 2018 than in 2017.

The premium volume of Berkshire Hathaway Inc., the largest insurer of workers in California, decreased by 5.7% between 2017 and 2018, according to the summary. The State Compensation Insurance Fund, which contained number 2 in the top 1

0, reported a decrease in total premium volume of 1.6% over the same period. Industrially, the premium volume decreased by 3.8 percent in the government between 2017 and 2018, CWCI reported. ICW Group Insurance Cos. Was the only insurer in the top 10 who increased its direct premium volume in 2018, but the increase was only 0.8%.

Although direct government premiums have not dipped to the levels shown in 2009 and 2010, when insurers wrote only $ 6.9 billion and $ 7.1 billion respectively, this figure has steadily declined since 2015. Insurers' total premiums decreased by $ 489 million in 2018.

                    


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