California's Self-Insured Employers See 7.4% Drop in Workers' Comp Claims in 2024
California's private self-insured employers witnessed a significant reduction in workers' compensation claims in 2024. The total number of claims dropped by 7.4% compared to 2023, reaching 87,360. This marks a four-year low in claim frequency.
The decrease was driven by a reduction in indemnity claims, which fell by 8.2%. Medical-only claims also decreased, although they remained slightly higher than in 2020. Despite the drop in claims, average paid and incurred losses on these claims increased for the second consecutive year.
The overall claim frequency rate for private self-insured employers in California in 2024 was 3.88 claims per 100 employees. Total paid and incurred losses on these claims also increased in 2024, reaching $353.6 million.
The decrease in claims comes despite a slight reduction in the number of employees covered by private self-insured employers, which stood at 2.25 million in 2024. This trend suggests a positive shift in workplace safety or claims management in California's private self-insured sector.
Read also:
- HLC Approves ₹4,645.60 Crore for Flood Recovery and Wetland Rejuvenation in Nine States
- Crooked House Pub's Demolition: Council Orders Rebuild, Debate on Historic Building Protections
- Shaping India's Economic Progression: Readying the Financial System for Tomorrow
- Ethiopia's Grand Dam: 15,000 Lives Lost, Water Concerns Unresolved
