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
Was this article valuable?
Here are more articles you may enjoy.
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
