workers’ compensation costs News

Despite Fewer Claims, Louisiana State Employees’ Workers’ Comp Costs Rise

The number of workers’ compensation claims filed by Louisiana state employees dropped by nearly one-third over the last eight years, but claims costs for state agencies continued to surge higher, according to an audit released on Feb. 9. Legislative Auditor …

4 Strategies for Restoring Workers’ Compensation Profitability

Selling workers’ compensation comes at a price. In 2013, underwriters generated a loss of one percent for every premium dollar written. As such, agents also face many financial constraints, making this line of insurance anything but a solid business venture. …

N.H. Gov.: Businesses Need Relief From Rising Workers’ Comp Costs

New Hampshire’s businesses need relief from rising workers’ compensation costs and more access to capital investment partners. That’s the message from New Hampshire Gov. Maggie Hassan who urged lawmakers in her State of the State address on Feb. 6 to …

WCRI: Workers’ Compensation Costs Per Claim Moderating in Pennsylvania

The costs per workers’ compensation claim in Pennsylvania are moderating, following years of steady growth in previous years, according to a new study by the Workers Compensation Research Institute (WCRI). The report, Benchmarks for Pennsylvania, CompScope 14th Edition, said total …

Report: Increasing Workers’ Comp Losses For California Public Self-Insureds

A analysis of more than 10 years’ worth of data shows for the fifth consecutive year increases in the average loss per claim, led by escalating medical losses, pushed up total workers’ compensation costs for cities, counties and other public …