Study: After Declines, 'Mega Claims' Over $3 Million Back on the Rise

Workers' compensation claims with incurred losses of at least $3 million have been on the rise in recent years, according to a study by 10 rating agencies throughout the country. And while these so-called “mega claims” can pop up around the country, California and New York account for 32% of all such claims in the study, which examined data from accident years 2001 through 2017. “Very large or ‘mega claims’ are relatively infrequent compared to the more typical workers’ compensation claim," study summary reads. "However, with costs ...