Bellevue, WA (PRWEB) July 31, 2012
The Seattle Times announced today, “the State of Washington Department of Labor and Industries (L&I) says major rate hikes may be needed to replenish the state fund… rate increases between 7.8% and 28.6%...in September” (Seattle Times, July 30, 2012 -http://seattletimes.nwsource.com/html/businesstechnology/2018805726_workerscomp30.html)
Similar base-rates were proposed in 2002 and then rates went up an average of 39% in a two-year period. This time it is projected to go up to 60% in a three-year period (http://seattletimes.nwsource.com/ABPub/zoom/html/2018806521.html). Businesses will be scrambling to find out how this will affect their budgets, if retro groups can do enough to reduce costs and what can be done to control costs from claim activities.
Join a live conference call discussion with the leading expert on Washington State Workers Compensation, Steve Sussman this Wednesday, August 1st at 1pm PDT to find out answers to these and many other questions. Register at http://bit.ly/Ovrmdu for the call-in number and access code.
Have a specific question that you want answered? Email it to llance(dot)kezner(at)pciwc(dot)com by 5pm, Tuesday July 31st.
About Steve Sussman:
Steve Sussman is a leading expert in reducing the cost of Workers’ Compensation benefits paid by employers and has been working in the risk management industry for over twenty-two years. Steve Sussman founded PCI (formerly known as Sussman Consulting) in the year 2000, and innovated the Claims Intervention model for the Third Party Claims Administrator industry and is now responsible for providing services that cover over 20 million employee hours per year.
Mr. Sussman is an expert's expert on employer interests and litigation regarding industrial insurance policy, industrial insurance actuarial rate analysis, and workplace safety regulations. He has worked with private industry and government for twenty-two years along-side government actuaries, policy analysts, and commissioners to help reorganize industrial insurance classification systems impacting 170,000 employers. He has worked with programs in 23 States and 9 Canadian Provinces, managing worker's compensation and safety programs with as many as 65,000 employees. He has represented both self-insured and State funded employer industrial insurance programs.
In addition to Mr. Sussman’s work on the policy side, he has helped to oversee third party claims management companies managing 4,000 new injury claims per year. Mr. Sussman has audited as much as $120 million dollars in payroll for employers and has received tens of millions of dollars in refunds, credits, and rate reclassifications for employers.
Steve Sussman can be contacted through http://www.pciwc.com or by calling PCI at 425-373-4982.