Senate Bill 757: One Year Later

1
Senate Bill 757One Year Later

• 2005 SB 757 Claims in Context
• April 20, 2006

2
SB 757 Claims Brian Sornson, Claims
SupervisorMarch 15, 2006

• 65 claims closed with PPD reserves
• Total PPD reserves of 316,238
• Total PPD paid of 185,077
• 78 open claims with PPD reserves
• Total PPD reserves of 735,174
• Total 143 claims
• Total PPD reserves 1,051,412
• Total PPD paid 185,077

3
Total Paid and Reserve on 2005 SB 757 Claims

• Total 143 SB757Claims
• All paid costs 2,220,229
• All reserves 5,416,656
• Or
• SB757 PPD
• 19.4 of all reserves
• 8.3 of all paids

4
2005 Work Comp Claims

• 2563 new claims in 2005
• Total Value 11,012,352
• SB757 Claims are
• 6 of all claims
• 49 of all costs

5
Managing Work Comp Costs

• Over the next few months youll be hearing more
  about controlling work comp costs.
• State agency work comp risk charges for 0709 will
  increase 55 over the current biennium.
• 0709 WC Risk Charges are 57 m

6
Managing Work Comp Costs

• There is no single reason that costs are
  increasing
• There is no single solution
• Once a claim is filed, early intervention is the
  most effective management and cost control.