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WorkCompRecap: Losses & Lessons!

June 27, 2013 - WorkCompWire

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!

Filed Under: Editor's Forum

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