Presentation on theme: "2011 MASI Fall Conference. 2010 Statistical Highlights There were 11,290 lost time accidents exceeding 5 days 2,626 claims controverted in 2010 Hinds."— Presentation transcript:
2010 Statistical Highlights There were 11,290 lost time accidents exceeding 5 days 2,626 claims controverted in 2010 Hinds county 1,146 claims, Harrison county with 855 claims Females less frequently with 4,566 claims (40.4%) Major injuries or illnesses occurred on Monday, 2,228 claims August was reported most frequently as the month of occurrence, 1,126 claims or 10% followed by June with 1,090 claims or 9.7% Strain was the leading nature of injury with 3,690 claims or 32.7%
2010 Statistical Highlights (cont’d) Multiple body parts was the part of body affected most with a total of 1,752 claims or 15.5% followed by Lower Back- Lumbar with a total of 1,695 claims or 15% Lifting was the leading cause of injury with a total of 1,428 claims or 12.6%, followed by Fall / Slip / Trip with 930 claims There were 75 fatalities reported in 2010 There were 7,620 claims received from Insurance carriers, 3,619 from Self Insured A total of $333,847,029.30 was paid by Insurance Carriers and Self Insurers in 2010; $197,878,784.81 was paid for medical expenses and $135,968,244.49 was paid for indemnity benefits.
NATIONAL TRENDS Net Written Premiums 2005$47.8B 2007$44.3B 2009$34.6B 2010$33.8B 2005 To 2010 Minus 29.3% Manufacturing & Construction Over 40% of Premiums & Only 20% Of Workers Rates Continue To Drop NCCI Defines Current WC Market As PRECARIOUS Claims Frequency Up 2010 (9%?) – First Increase Since 1997
Average Indemnity Down 3% - 2010; Compared to Increase 8.2% - 2008 Average Medical Up 2% - 2010; Better Than Double Digit Increases Several Years Ago Average TTD in 2010 – 141 Days Up From 123 Days in 2006 Construction Industry Experienced Disproportionate Impact During Current Recession: –On Average The Previous Nine Recessions Construction Employment Fell 5% And Recovery Began Five Quarters Following Peak –In the current “Great Recession,” Construction Fell Over 25%. The Decline Did Not End Until More Than Two Years Following Peak And Has Yet To Show Signs Of Recovery. NATIONAL TRENDS (cont’d)
Emerging Trends Obesity –Every State (Except Colorado) Over 20% of Adult Population Is Obese –MS Leads the Nation (30% +) –Obese Workers File Twice As Many WC Claims As Healthy-Weight Workers –Obese Workers Have 13 Times More Lost Workdays –Medical Cost 6.8 Times More Than Non-Obese –Indemnity Cost 11 Times Higher Than Healthy Workers
Emerging Trends (cont’d) Aging Workforce –Median Age of U.S. Worker 41 Years –Fatality Rate of Workers 65 & Older Is Triple That Of Workers 35-44 –Age 65+ Workers’ Median Lost Time Is 50% Greater Than Age 35-44
DISTRACTING DRIVING / EQUIPMENT OPERATION Question – Do You Ever Do Other Tasks Like Talk On Cell Phones, Eat Or Drink While Driving? 72.4% YES Question – Have You Ever Been Hit Or Nearly Hit By Someone Talking On A Cell Phone? 45.4% YES
Legislative Change Direct Appeal Effective 7/1/2011
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