Californians accounted for 22.3 percent of all cash and medical benefits paid to injured workers in calendar year 2004, according to the latest estimates released by the National Academy of Social Insurance.
The NASI findings were reported by the California Workers' Compensation Institute, which noted that the academy's data does not fully reflect the effect of workers' comp reforms passed in California between 2002 and 2004–many of which were not fully implemented or did not take effect until after 2004.
CWCI said information it has and data from the California Rating Bureau and others show that claim costs, claim frequency and premium are all down sharply since 2004, and it expects 2005 results should show significant drops from 2004 levels.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
