The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry. However, the cost of the system rose 30 percent relative to payroll during the same three-year period.
The current Workers’ Compensation System Report estimates cost rose to $1.74 per $100 of payroll in 2003, from $1.34 in 2000.
Click here to read the complete report.
Topics Trends Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies 
One Battle After Another: What TPLF Victory in One State Means for Others 
Progressive Boosts Exposure With Football Field Logos at 13 Universities 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
