| Workers Comp Claims Decline in Hawaii - 09/22/2005
Hawaii Workers' comp claims drop The National Council on Compensation Insurance saw an 18.2 percent drop in workers' compensation insurance claims expense for Hawaii. That is expected to lower premiums beginning Jan. 1 for local businesses, which pay some of the nation's highest workers' comp premiums. The reduction is based on the number of claims filed in 2003 -- the last year for which complete data is available to determine trends for 2006. "Claim frequency is down due to the great efforts of Hawaii's employers in providing a safer work place for our workers," said J.P. Schmidt, state insurance commissioner. "We have made a concerted effort to encourage employers to implement work place safety programs and thereby qualify for insurer's discounts." In addition, the state Department of Labor and Industrial Relations is working with businesses to ensure they comply with Occupational Safety Health Administration standards. Meanwhile, medical and indemnity costs, which are major cost drivers to workers' comp premiums, continue to rise.
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