Why are Work Comp Claims So Costly?

The average cost of an indemnity claim is now over $60,000! Why?  There are many factors as to why costs are increasing so much.  These are but a few: Increased medical costs More medical procedures being requested Early Return to Work is not as available, due to economic times Litigation One of the biggest factors...

WCIRB Suggests 29.6% Increase in Rates

It is unfortunate that the Commissioner of Insurance (Poizner) has repeatedly ignored previous suggestion of rate increases as it would hurt his chances of being Governor, but since he has ignored the warnings of the Workers Compensation Insurance Rating Bureau (WCIRB) (which is an apolitical, quasi-governmental actuarial department) it has...