CWCI: Self-Insured Paid Losses Up 7.3% in Most Recent Fiscal Year

The California Workers’ Compensation Institute, in a bulletin released Tuesday, said growth in lost-time claims and double-digit increases in average paid and incurred indemnity drove public self-insureds' total paid losses up 7.3% to a record $445 million. At the same time, CWCI reports total incurred losses climbed 5.8% to more than $1.4 billion. CWCI said a summary of public sector self-insured comp claims from the state Office of Self-Insurance Plans for the fiscal year that ended in June — the first full year of data on claims that occurred during the pandemic — sh...