June 20, 2018

WorkCompRecap: Highs & Lows!

Today’s issue of WorkCompRecap features the release of a new analysis from CWCI based on data from the Office of Self-Insurance Plans. CWCI noted that while claim frequency was unchanged, and last year’s first report claim count was the second lowest of the last 10 years, public self-insured employers’ paid losses for FY 2011/12 still amounted to nearly $340 million. That total was within 1 percent of the 10-year high from FY 2010/11 first reports and nearly $80 million (~30%) more than the post-reform low from FY 2005/06 first reports.

CWCI also found that the $80 million increase is associated with increased claim severity, as average paid indemnity at the first report rose nearly 30% from a post-reform low, and over the same period the average paid for medical climbed 32.5%.

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