{"id":20382,"date":"2023-06-29T14:49:21","date_gmt":"2023-06-29T14:49:21","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=727909"},"modified":"2023-06-29T14:49:21","modified_gmt":"2023-06-29T14:49:21","slug":"california-workers-comp-insurer-combined-losses-and-expenses-in-2022-were-15b","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/06\/29\/california-workers-comp-insurer-combined-losses-and-expenses-in-2022-were-15b\/","title":{"rendered":"California Workers\u2019 Comp Insurer Combined Losses and Expenses in 2022 Were $15B"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2023\/05\/workers-comp-takes-a-bite-scaled-e1686242812202-580x415.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2023\/05\/workers-comp-takes-a-bite-scaled-e1686242812202.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2023\/06\/29\/727909.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2023\/06\/29\/727909.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>The Workers\u2019 Compensation Insurance Rating Bureau of California released its report on workers\u2019 compensation losses and expenses for 2022.<\/p>\n<p>Key findings in the report include:<\/p>\n<ul>\n<li>Medical losses paid in 2022 were $4.4 billion, or 53 percent of total loss payments.<\/li>\n<li>Indemnity benefits paid in 2022 were $4.0 billion, or 47 percent of total loss payments. The following benefits accounted for the majority of those indemnity payments: temporary disability (56%); permanent partial disability (34%); vocational rehabilitation (1.8%).<\/li>\n<li>Total insurer combined losses and expenses incurred in 2022 were $15 billion, or 98% of calendar year premium, compared to $13.1 billion, or 96 percent of calendar year premium, in 2021.<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/www.wcirb.com\/sites\/default\/files\/documents\/2022_ca_wc_losses_and_expenses_report_0.pdf\">report is on the WCIB website<\/a>.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/california\/\" class=\"btn btn-sm btn-primary tagtag\">California<\/a> <a href=\"https:\/\/www.insurancejournal.com\/carriers\/\" class=\"btn btn-sm btn-primary tagtag\">Carriers<\/a> <a href=\"https:\/\/www.insurancejournal.com\/profit-loss\/\" class=\"btn btn-sm btn-primary tagtag\">Profit Loss<\/a> <a href=\"https:\/\/www.insurancejournal.com\/workers-comp\/\" class=\"btn btn-sm btn-primary tagtag\">Workers&#8217; Compensation<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"727909\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Carriers<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments The Workers\u2019 Compensation Insurance Rating Bureau of California released its report on workers\u2019 compensation losses and expenses for 2022. Key findings in the report include: Medical losses paid in 2022 were&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1,43,9,44],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/06\/california-workers-comp-insurer-combined-losses-and-expenses-in-2022-were-15b.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20382"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20382"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20383"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}