Calif. Workers’ Comp Losses, Expenses Reach Over $12B

A report issued on Tuesday by the California Workers’ Compensation Institute shows workers’ comp insurers’ loss and expense payments rose to nearly $12.5 billion in 2011, an increase of over $1 billion.

The report, compiled from statistics from the Workers’ Compensation Insurance Rating Bureau, shows that insurers’ medical, indemnity and administrative expenses rose to $12.479 billion in 2011. That’s up from roughly $11.2 billion in 2010, according to the report.

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