Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today.
The Workers’ Compensation Insurance Rating Bureau of California’s report released today examines losses and expenses for 2021.
Key findings in the report, which can be found , include:
- Medical losses paid in 2021 were $4.4 billion, or 53% of total loss payments.
- Indemnity benefits paid in 2021 were $3.8 billion, or 47% of total loss payments. Of this amount, temporary disability benefits accounted for 54% of indemnity payments and permanent partial disability benefits accounted for 35%.
Topics Trends California Carriers Profit Loss Workers' Compensation
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