New CWCI Spotlight Report Highlights Updated Claims Monitoring Results

CWCI is pleased to announce the release of a new Spotlight Report that uses updated data from our Interactive Claims Monitoring Application to highlight industrywide loss development data and trends.  

The Application was recently updated with average paid indemnity and medical loss data on claims from AY 2009 through AY 2021 claims at nine levels of development, ranging from 3 to 72 months, with payments valued through December 2021.  Indemnity cases accounted for 35% of all claims in the Application but 95% of the losses, so the Spotlight Report focuses on results for indemnity claims.  Results featured in the report include:

• Average total paid loss trends (medical + indemnity) from each of the 13 accident years at seven levels of development (6-,12-, 24-, 36-, 48-, 60-, and 72-months post injury).
• A comparison of average total benefits paid, average paid medical, and average paid indemnity at 36-months of development for claims from four key industry sectors (health care, agriculture, clerical, construction) as well as the averages for all industries statewide.
• The change in the distribution of 24-month medical payments among major cost components (medical treatment, pharmaceuticals, medical-legal, and “other medical”) for AY 2009 through AY 2019 claims.
• Average payment trends for each of the five medical cost components for AY 2009 through AY 2021 claims at 6-, 12-, 24-, 36-, 48-, 60-, and 72-months post injury.
• Average indemnity payment trends for AY 2009 through AY 2021 claims at 6, 12, 24, 36, 48, 60, and 72 months of development.

A copy of the Spotlight Report featuring these results is attached.  CWCI members who log on to our website (www.cwci.org) with their username and password can also access additional information from the Claims Monitoring Application (members who don’t have an account may select “Your Account” at the top of the home page, click “Add Me as a Member User” from the pull-down menu, complete the form, then use that info to log in).  Once logged in, users can go to the drop-down menu under the Research tab at the top of our home page, click Interactive Research Tools then scroll down to the Claims Monitoring Application to open the app.  Results can be broken out for indemnity claims or for all claims, for specific industries and regions, and for specific medical payment categories.  Heat maps and graphics will automatically adjust to display the results as users toggle through the specific options from the drop-down menus to change their global selections.  Anyone with questions or who needs assistance with the application can call the Institute at 510-251-9470.

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Click here: Attachment