NCCI Study Finds higher Costs, more Attorneys for Claims Reported late

Workers' compensation claims are more expensive when injuries are not reported until two weeks or more after an accident, supporting the notion that early injury reporting leads to better claims management and lower costs, the National Council on Compensation Insurance concluded in a report released Tuesday. NCCI found that injuries reported on the same day as the accident cost more than claims reported within one or two weeks, but that is likely because those injuries were more severe than injuries reported later and required immediate medical attention. Claims reported three weeks or mo...