The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its Quarterly Experience Report. This report is an update on California statewide insurer experience valued as of December 31, 2023. 

Highlights of the report include: 

• Written premium in 2023 is slightly higher than 2022 and at approximately the pre-pandemic level.   
• The average charged rate for 2023 continues to decrease; it’s 5 percent lower than 2022 and the lowest in decades. 
• The projected combined ratio for accident year 2023 is 2 points higher than in 2022 and is the fourth straight year of a combined ratio above 100 percent.  

The full report is in the Research section of the WCIRB website and at the following link: 

• WCIRB Quarterly Experience Report – As of December 31, 2023 

WCIRB Webinar   

Join WCIRB actuaries to discuss the highlights of the September 1, 2024 Pure Premium Rate Filing and December 31, 2023 experience. They will also discuss their research into the impact of economic changes on the California workers’ compensation system. Please submit your questions when you register so that we may answer them during the webinar.   

WCIRB’s September 1, 2024 Pure Premium Rate Filing and Impact of Economic Changes on California Workers’ Compensation   
Thursday, May 16, 2024, 10:00 AM – 11:00 AM PT   
Register for the webinar>