The Workers’ Compensation Research Institute recently released a new study on workers’ comp costs per claim and analyzed causes behind the increasing trends.

The study, CompScope Benchmarks for Maryland, compared workers’ comp systems in 13 large states on performance measures — benefit payments and costs per claim, timeliness of payments, and defense attorney involvement — by analyzing similar groups of claims and adjusting for interstate differences in injury mix, wage levels, and injury types. The study states were Arkansas, California, Florida, Illinois, Indiana, Louisiana, Maryland, Massachusetts, North Carolina, Pennsylvania, Tennessee, Texas, and Wisconsin. These states represent more than 50 percent of the nation’s workers’ compensation benefit payments, according to WCRI.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.