Today’s issue of WorkCompRecap features the release of some interesting findings from CWCI, who recently conducted a review of data released by the state Office of Self-Insurance Plans. According to CWCI, private self-insured claim frequency showed little change in 2011 as medical-only claims came down slightly and lost-time claim frequency registered a marginal increase. Notably though, total incurred losses (paid benefits plus reserves) on 2011 claims rose nearly 4.2 percent versus the initial incurred amount reported for 2010 claims.
CWCI also noted that a more in-depth review found very consistent patterns indicating that private self-insured claim severity bottomed out with calendar year 2005 claims, and was followed by steep increases in average losses per claim which have driven private self-insured total paid and incurred losses well above post-reform levels.
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