Don Ramatici Insurance

News and Events - July 2010

Combined Ratio Climbs 17 Points In 2009
The rapid decline in earned premiums in California's workers' comp market pushed carrier's combined ratio well into the triple digits last year, ultimately clocking in at 118.2, according to preliminary data from the Workers' Compensation Insurance Rating Bureau. State Compensation Insurance Fund ended 2009 with a combined ratio of 161.5. The uptick came as earned premium in the state continued to fall, reaching a nine-year low of $9.1 billion before deductibles were applied.

Workers' Comp Premium Plunges for Fifth Year in a Row 
California's workers' comp total direct written premium declined by almost 10% in 2009 down to $6.9 billion from $7.6 billion in 2008, according to data from the National Association of Insurance Commissioners. The latest figure is in sharp contrast to where the market was just five years earlier at a whopping $16.1 billion. Since then premium volume has shrunk by $9.2 billion.

Risk & Safety Management Calendar July 2010

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