What’s With California’s Excess Insurance Market
California’s excess workers’ compensation insurance market grew by 6% to nearly $234 million in written premium last year. The increase, though, is roughly half the 11.7% increase the general workers’ comp market saw last year as wage inflation and expanding payrolls boosted premium. Self-insured employers, self-insured groups (SIGs), and self-insured public entities buy excess workers’ …
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