June 20, 2018

WorkCompRecap: Losses & Lessons!

Today’s issue of WorkCompRecap features the release of the California WCIRB’s report on workers’ compensation losses and expenses for 2012, which found that that medical losses paid in 2012 were $4.8 billion, or 60% of total loss payments, up from $4.4 Billion in 2011.

Additional key findings included that the total cost of medical cost containment programs in 2012 was $412 million, compared to $382 million in 2011 and only $226 million in 2006. The report also noted that the combined loss and expense ratio for CY 2012 was 115%, compared to 122% in CY 2011.

Find out more (including a link to the free report!) by clicking here!

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