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CWCI Posts 10-Year Report on Payment Trends

Tuesday, September 26, 2023 | 0

The California Workers’ Compensation Institute on Monday published a new study finding that paid losses on lost-time claims fell immediately after the reforms of SB 863 took effect at the start of 2013, then gradually increased until the pandemic hit. The result is that average paid losses on claims at all valuation points within 60 months of injury are higher than their post-reform lows, CWCI said. Only the most developed data on older claims from accident year 2016 is still showing declines in loss payments as a result of the most recent reforms. CWCI reports that average total paid ...

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