Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows.
The California Workers’ Compensation Institute reviewed the initial report on fiscal year 2023/24 California workers’ compensation public self-insured data, finding an 18.7% increase in average medical payments and a 5.3% increase in average indemnity payments drove total paid losses up nearly $42.6 million to $552.9 million last year.
However, the number of claims fell by 1.8%. At the same time, public self-insured total incurred losses (paid