After posting a $1.3 billion pretax underwriting loss in 2024 – the first for California’s workers’ comp industry in a decade – carriers trimmed the loss to $430 million last year as insurers’ overall expenses moderated and additional reserve releases helped bring down the ratios. The calendar year results came as earned premium declined by …
Insurance Commissioner Ricardo Lara effectively split the baby and approved the second consecutive increase in California’s workers’ comp advisory pure premium rates. In a decision released late Friday afternoon, the …
The 2025 market share totals are out, and the State Compensation Insurance Fund is no longer the largest writer of workers’ comp insurance in California. State Fund’s writings last year dropped below $1 billion, and AmTrust Financial Services Group surpassed it. AmTrust increased its premium by 12% to become the largest carrier in the California …
Cumulative trauma claims for workers’ comp benefits, particularly those filed post-termination, used to be primarily a creature of the Los Angeles region, but changes in applicants’ attorneys’ marketing and practice patterns are making them a statewide phenomenon. The latest data indicates that over a quarter of the workers’ comp indemnity claims filed this year will …
The California Department of Insurance took testimony from the Workers’ Compensation Insurance Rating Bureau, the independent actuary representing employers and organized labor, and a member of the workers’ comp community during a remote hearing earlier this month on competing proposals for a workers’ comp rate hike. The testimony covered the insurance industry’s request for a …
The 2025 accident year combined ratio for California’s workers’ comp system may be one for the record books. The accident year combined ratio is projected at 129% based on the latest industry data. This level hasn’t been seen in California workers’ comp since 2001. The industry’s year-end 2025 results show that California’s accident year combined …
Norcal Crew, a 501(c)(3) nonprofit competitive youth rowing program, prevailed in a dispute with its workers’ comp carrier and the Workers’ Compensation Insurance Rating Bureau. The organization successfully fought off reclassification of its operations to a class with an advisory pure premium rate 2.5 times higher than the workers’ comp rate for its historical classification …
Officials at the California Department of Insurance heard California contractors’ concerns and their request for a review of the fairness of the proposed increases to the dual wage thresholds, but there was little other feedback on the Workers’ Compensation Insurance Rating Bureau’s newest technical filing. The filing is now under review, with a decision by …