WCRI Notes Rising Comp Claim Costs in Most of the Country

Indemnity benefits and medical costs per workers' compensation claim grew in most states since 2021, according to reports released Monday by the Workers Compensation Research Institute. Examining cost trends across 18 states since 2018, representing more than 60% of claims costs nationwide, the median increase in overall costs per claim stood at 2.9%, with the highest increases in Arkansas, New Jersey, Kentucky, Minnesota and Pennsylvania. While the pandemic saw modest fluctuations in costs, post-pandemic data showed notable increases in indemnity costs, in particular. The mean increase ...