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WCIRB Releases Report on Frictional Costs

Thursday, December 2, 2021 | 0

The Workers’ Compensation Insurance Rating Bureau released its report on frictional costs in California. Highlights of the report include: Despite some recent decreases, frictional costs in the California workers’ compensation system are much higher than other systems. California’s higher frictional costs are driven by a higher volume of permanent disability claims, higher proportions of claims involving cumulative trauma injury, longer average claim duration and regional differences within the state. The frequency of claims involving significant allocated loss adjustme...

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