Illinois – Research Confirms that IL is one of the costliest states for workers comp claims
The Workers Compensation Research Institute just completed a multi-year comparison of workers compensation costs in more than 17 states, including Illinois. The results are not surprising to anyone who handles Illinois workers compensation claims – – IL claims cost more than in most every other state.
The Insurance Journal published a summary of the research, noting the following:
- Indemnity benefits (including both TTD and PPD benefits) were the largest component of total costs per workers’ comp claim in Illinois, accounting for 45 percent of the total payments.
- Illinois had a longer duration of temporary disability benefits than most other study states.
- At 52 percent, Illinois had the highest rate of worker attorney involvement in workers’ comp claims among all the WCRI study states for 2014-2017 claims.
If you want to discuss the implications of this research, please let me know. If you want to read more about the results of this research, follow this link: https://www.insurancejournal.com/news/midwest/2018/05/22/490055.htm