{"id":20796,"date":"2023-10-04T22:45:37","date_gmt":"2023-10-04T22:45:37","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=743040"},"modified":"2023-10-04T22:45:37","modified_gmt":"2023-10-04T22:45:37","slug":"california-workers-comp-written-premium-in-2022-was-near-pre-pandemic-level","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/10\/04\/california-workers-comp-written-premium-in-2022-was-near-pre-pandemic-level\/","title":{"rendered":"California Workers\u2019 Comp Written Premium in 2022 Was Near Pre-Pandemic Level"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2023\/03\/workers-comp-claim-580x387.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2023\/03\/workers-comp-claim-scaled.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\/10\/04\/743040.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2023\/10\/04\/743040.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level \u2013 an increase was driven by higher employee wage levels and the economic<\/p>\n<p>Recovery, according to a new report out on Wednesday from the Workers\u2019 Compensation Insurance Rating Bureau.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"covid-19,workers-comp\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>The WCIRB in its <a href=\"https:\/\/www.wcirb.com\/bulletins?_cldee=jqDFREzU8CMSz6qqSS5hTmpkJGqupqYOrTaCPulO0Fia82Fe__PX8sz-dnbKIJKVpVbtXZ88SVZE25NymKr4Kw&amp;recipientid=lead-ed2109740a53e411aaf4f0921c19034c-15b8661556954a3d891afe899f058f81&amp;utm_source=ClickDimensions&amp;utm_medium=email&amp;utm_campaign=WCIRB%20Bulletins&amp;esid=1d359ca1-5761-ee11-be6e-000d3a582171\">Quarterly Experience Report<\/a> found written premium through the second quarter of 2023 of $8.5 billion was 4.1% higher than the same period in 2022.<\/p>\n<p>The average charged rate for the first six months of 2023 continued to decrease, putting 3% lower than 2022 and the lowest in decades. In its Sept. 1, 2023 pure premium rate filing, the WCIRB proposed an average 0.3% increase in advisory pure premium rates. The insurance commissioner approved an average 2.6% decrease in advisory pure premium rates.<\/p>\n<p>After five consecutive increases, the projected loss ratio, including the cost of COVID-19 claims, dropped 3 points in accident year 2022, according to the report.<\/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\/workers-comp\/\" class=\"btn btn-sm btn-primary tagtag\">Workers&#8217; Compensation<\/a> <a href=\"https:\/\/www.insurancejournal.com\/covid-19\/\" class=\"btn btn-sm btn-primary tagtag\">COVID-19<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"743040\">\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>Covid 19<\/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 Written premium in 2022 was 14% higher than 2021 and almost at the pre-pandemic level \u2013 an increase was driven by higher employee wage levels and the economic Recovery, according to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20797,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[275,1,302,9,303],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/10\/california-workers-comp-written-premium-in-2022-was-near-pre-pandemic-level.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20796"}],"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=20796"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20797"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}