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WorkCompRecap: Public Performance!

December 14, 2020 - WorkCompWire

Today’s issue of WorkCompRecap features CWCI’s recent release of its review of public self-insured claims experience in the California workers’ compensation system for FY 19/20, which includes the first six months of 2020.

The report found that claim volume fell 6.4% compared to the prior year, however medical-only claims accounted for nearly all of that decline, and in the meantime, average indemnity payments per claim rose 16.9%, more than offsetting a 3.7% decline in average medical payments. As a result, even with fewer claims, total paid benefits increased for the sixth year in a row, edging up by $2.2 million to a record $414.9 million for the fiscal year ending June 30.

Find out more by clicking here!

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