Mega claims in workers’ compensation represent far less than 1% of total workers’ comp claims yet account for more than 2% of total loss dollars, and total in excess of $1 billion each year, a new study from 10 state workers’ comp bureaus shows.
The Workers’ Compensation Insurance Rating Bureau of California, in collaboration with nine other workers’ comp rating bureaus, jointly released “Countrywide Mega Claims: Accident Years 2001–2021,” a study that updates a 2020 analysis produced in response to stakeholder concerns about the relative frequency and cost of mega claims.
The collaboration among the