CWCI: Public Self-Insured Losses Increase as Claim Volume Falls

The California Workers' Compensation Institute reported that total paid losses for public self-insured employers increased about 8.3% in the most recent fiscal year despite the total number of claims falling by 1.8%. CWCI said an 18.7% increase in average medical payments and a 5.3% increase in average indemnity payments drove public self-insureds' total paid losses to $552.9 million for the fiscal year that ended in June from $510.3 million. CWCI said the summary of public self-insured data that the Office of Self-Insurance Plans published Jan. 8 shows public self-insured emplo...