Florida Most Expensive to Carriers

Reported by A.M. Best: A study by the Workers Compensation Research Institute concluded that insurers are paying more to deliver workers' compensation benefits to injured workers in Florida than in 7 other states (California, Connecticut, Georgia, Massachusetts, Minnesota, Pennsylvania and Texas). These states represent 40% of the United States' workers' compensation benefits. The report cited as reasons for the higher expense in Florida: medical cost-containment services are used more frequently and their expenses are higher; litigation and defense attorney fees are higher; the time of re...