2007 Workers' Compensation State Rankings Now Available

2007 Workers' Compensation State Rankings Now Available

Actuarial & Technical Solutions, Inc. has published their 2007 Workers Compensation State Rankings. The average cost of workers' compensation insurance for manufacturers countrywide has decreased slightly, approximately 2%, from 2006 to 2007. 25 states had decreases in workers' compensation costs from 2006 to 2007, and 20 states had increases. To order the report, go to http://www.actuarialsolutions.com/rankings_ordering.cfm.

Workers' Comp Insurance Costs. The study compares each state's comparative cost of workers' compensation insurance for manufacturers. Last year Arizona was ranked first with the lowest  costs, and California was ranked last with the highest costs. This year Arizona continues to be ranked first and Vermont was ranked last.

Average Statutory Benefit Provisions. The study also compares the statutory provisions underlying the workers' compensation benefit delivery system in each of the states. An average statutory cost per case (excluding medical benefits) is calculated for each state. For both the 2006 and 2007 studies, North Dakota was ranked first with the lowest statutory benefits, and Nevada was ranked last with the highest statutory benefits.