The Wall Street Journal Compares L&I in WA & OR
October 25, 2010
The Wall Street Journal published an article on Sunday comparing L&I in Washington and Oregon.
Key highlights from the article.
- Average time loss claims in Washington is 270 days which is twice the national average and compares to 70 days in Oregon which has private insurance.
- In 2007 and 2008 Washington granted lifetime pensions to 3,600 workers compared to 24 in Oregon.
- Last year there was a 7.6% increase in L&I premiums. Oregon hasn’t raised premiums in 2 decades and this year returned $100 million to employers.
- In West Virginia which transitioned to a competitive market 5 years ago, approximately 200 insurers moved in the market and premiums dropped 30%.
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