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Fla. Claims Costs Decreased as Expected After State Reforms

Monday, May 12, 2008 | 0

Workers’ compensation costs per claim in Florida appear to have decreased in 2004 in the wake of reforms enacted in 2003, but the decrease did not continue in 2005, according to a study by the Workers Compensation Research Institute, released Friday.The WCRI said the observed pattern—a one-time change—is consistent with what might be expected, given the nature of the 2003 reforms.In 2005/2006 (the second-year post-reform), the average total cost per claim in Florida increased 5% -- a more moderate pace than in the pre-reform period. This moderate growth was driven mainly by i...

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