Today’s issue of WorkCompRecap features CWCI’s recent release of its review of initial data from the California State Office of Self-Insurance Plans (OSIP) that provides a look at private, self-insured claims experience for cases reported in 2022.
The summary reports on the experience of private self-insured employers who covered 2.49 million California workers last year (vs. 2.38 million in the 2021 initial report) and who reported 104,278 claims in 2022, 11.6% more than the 93,430 claims noted in the 2021 initial report. CWCI noted that private self-insured claim frequency rose 6% last year, as both medical-only and indemnity claim volume increased. The OSIP data suggested however that many of the claims may have been low-cost COVID-19 cases, as private self-insureds’ average paid and incurred losses both declined, so their total paid losses at first report fell 1.2% to $311 million, while their incurred losses fell 3.3% to just under $812 million.