Tagged in: COVID 19

California Workers’ Comp Loss Ratio at 81%

According to the Bureau’s latest data, California’s workers’ compensation insurance carriers returned a pre-tax underwriting profit of nearly $2 billion last year. The 14% underwriting profit ratio is the third straight year of double-digit underwriting margins, but the results include State Fund’s numbers which adversely skew the results. The results sans State Fund are eye-popping. … Read More »

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Not Quite The Dog Days

July can often be thought of as a quiet time for those who observe the workers’ compensation system in California. The Legislature rushed through Committee deadlines before going on summer … Read More »

Market Hardening for Excess Workers’ Comp

California’s excess workers’ comp market was relatively steady last year at just over $200 million in written premium by the same 19 carrier groups that wrote business the prior year. Beyond the topline number, however, there were significant changes. Two carriers cut back sharply. Excess workers’ comp coverage is bought by self-insured employers, self-insured public … Read More »

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Workers’ Comp Bills Clear House Of Origin Before Deadline

California legislators advanced one bill that would sharply curtail the amount of time employers have to investigate workers’ comp claims and passed two others that expand the state’s presumptions that certain conditions are industrially caused. However, a third presumption measure for the healthcare sector and COVID-19 failed to clear the Senate before the June 4th … Read More »

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Listen to the Experts

The latest iteration of the readoption of the COVID-19 Prevention Emergency Temporary Standard (ETS) from the Occupational Safety and Health Standards Board (OSHSB) is now being reviewed by the Office … Read More »

Will Pure Premium Increase or Decrease?

Insurance Commissioner Ricardo Lara held a hearing regarding California workers’ compensation pure premium rates yesterday. He heard from both the insurance industry and from employers and organized labor representatives on … Read More »

Workers’ Comp is the Most Profitable Line

“Workers’ compensation continues to be the most profitable line” in the property and casualty sector, says Donna Glenn, chief actuary for the National Council on Compensation Insurance. Glenn delivered the message as part of the rating agency’s annual State of the Line report.  It shows the industry not only weathered the economic fallout from the … Read More »

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