COMMISSION STATISTICS New Claims Remain Flat 2015 – 10,815 2014 – 11,003 2013 – 10,772 2012 – 11,246 1994 – 20,557
COMMISSION STATISTICS (cont’d) Appeals To Supreme Court 2012 – 42 2013 – 21 2014 – 31 2015 - 21 2016 YTD - 15
COMMISSION STATISTICS (cont’d) FC Hearings 2012 – 72 2013 – 71 2014 – 75 2015 – 84 2016 YTD – 36
SUPREME COURT DECISIONS Decisions By Supreme Court 2013, 2014, 2015, 2016 YTD Total Number of Rulings WC Cases 84 Cases that Affirmed the Commission 70 Cases Reversing and Remanding 9 Cases Affirmed in Part, Reversed in Part 5
MWCC Technology Update ATOS Over 500 attorneys registered Prehearing Statement available soon for all ATOS filers Mandatory filing early 2017 WCIS database upgrade July ’16 Major conversion from Progress version 8 to OpenEdge version 11 (which integrates with our other applications such as FROI Online search capabilities, ATOS filing)
General Information 2016 Legislative Session Opt-Out Senate Bill 2362 Fee Schedule Drug Formulary
SIG STATISTICS Number of Groups 1994 – 19 2005 – 15 Current - 9
2016 BENCHMARK STUDY CURRENT ACTIVE GROUPS 8 GROUPS – STATE AGENCIES EXCLUDED
CLAIMS PD SIG vs INS CO PD
More Information After a three-year increase in aggregate payroll and premium, both are slightly lower this year Average bulk rate (premium per payroll) for 2015 is basically flat Surplus for the eight funds ticked up less than 1% Every fund has enough surplus to sustain at least 6.4 excess claims (average is 21.4)
More Information Average claim frequency is still going downward Underwriting expense ratios (not including excess) are flat, with an average of 20.4% and a high of 31.4% Combined ratios are going up, exceeding 100% for the second year in a row Industry combined ratios have been coming down since 2010 and are now lower than the average for the SIFs