WCIRB Releases Report on Q2 Insurer Experience

The WCIRB has compiled a summary of insurer reports of loss and premium experience valued as of June 30, 2003. The report is based on data reported to the WCIRB by insurers who wrote approximately 99 percent of statewide 2002 premium and contains information such as calendar year written premium, estimated ultimate losses by accident year, accident year combined loss and expense ratios, and estimated ultimate losses per indemnity claim.

Estimates of ultimate losses and ultimate loss severities have been updated to reflect the estimated impact of Assembly Bill 227 and Senate Bill 228 on unpaid medical losses. To view the full report, visit the WCIRB’s Web site.