Today, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) released its 2020 State of the System report highlighting key metrics of the California workers’ compensation system. While much of the historical data in the report predates the COVID-19 pandemic, the pandemic and resultant stay-at-home orders will likely impact premium levels, claim frequency and claim severity in 2020 and beyond.
The full report is available in the Research section of the WCIRB website and at the following link:
Top learnings from the report include:
WCIRB actuaries are discussing the State of the System report in a webinar that you will be able to view on the WCIRB Webinars page on wcirb.com.