workers comp claim costs News

Workers’ compensation costs per claim in Michigan were lower than that of the typical state, according to a recent study by Massachusetts-based Workers Compensation Research Institute, with average claim size falling over a three-year period. The WCRI study, CompScope Benchmarks …

The Missouri insurance department is recommending a reduction in the premiums charged to businesses for workers’ compensation insurance. The department is recommending a 4.4 percent decrease in insurers’ “loss costs” for 2015. Those loss projections typically are used by insurers …