WCRI Reports Increase in Lump-Sum Settlements After Reforms

The Workers Compensation Research Institute reported an increase in lump-sum settlements after New York lawmakers adopted reforms in 2007. About a quarter of indemnity claims, 23%, were settled by lump sum in injury year 2007, WCRI said. In injury year 2014, 37% of indemnity claims were settled by lump sum. WCRI said its study, "Changing Settlement Behavior in the New York Workers’ Compensation System," covers how frequency and costs of the state's lump-sum settlements have evolved and the impact of policy changes on settlement trends. The study also addresses changes in ...