WCIRB: State's Loss Adjustment Expenses Are 'Off the Charts'

California’s workers’ compensation system stands out in many ways from systems in other states, but the most dramatic difference may be seen in one measure: the Golden State’s 34.2% ratio of loss adjustment expenses to losses. That figure is more than 10 percentage points higher than the second-highest state — Hawaii, where the ratio is 23.6% — and nearly double the national median of 18.3%, according to the California Workers’ Compensation Insurance Rating Bureau. “This is the one where we’re off the charts,” said Tony Milano, vice p...