NCCI: Oklahoma Workers’ Comp Overhaul Could Mean 14.6% Cost Reduction

Industry groups believe that an overhaul of Oklahoma's workers compensation system will decrease overall loss costs by as much as 14.6 percent beginning in early 2014.

By Anya Khalamayzer | Updated on September 11, 2013

Industry groups believe that an overhaul of Oklahoma’s workers’ compensation system, a measure signed by Governor Mary Fallin in May, will decrease overall loss costs by as much as 14.6 percent beginning in early 2014.

According to the National Council on Compensation Insurance (NCCI), which supported the overhaul, the reductions represent workers’ compensation premium for indemnity and medical payments and associated adjustment expenses.

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