California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100

The WCIRB projects a preliminary ultimate accident year combined loss and expense ratio of 103 percent for 2014. Of this, 61 percent is attributable to the indemnity and medical loss ratio and 42 percent is attributable to the loss adjustment and other expense ratio. Like the projected 2014 loss and the allocated loss adjustment expense (ALAE), this projection is primarily a result of increased premium levels and relatively low claim severity growth in 2014, according to the report.

Join the Conversation on Linkedin | About PEO Compass

The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.