WCIRB: Frictional Costs Decline, but Comp Expenses Still Dwarf Other States

Frictional costs in California's workers' comp system have declined in recent years, but they remain much higher than any other comp jurisdiction or state benefit-delivery system, according to researchers from the Workers’ Compensation Insurance Rating Bureau. “While things have gotten a little better in terms of frictional costs and gone down a bit in some areas, they’re still far higher than in other states,” WCIRB Senior Vice President and Chief Actuary Dave Bellusci said Tuesday during an Actuarial Committee meeting. In most categories, California&rsqu...