State figures show the Department of Military Affairs and Public Safety had the worst workers’ compensation record among state agencies over the past five years.
The Charleston Daily Mail reports that the department had $10.8 million in claims and paid premiums totaling $18.4 million. The department’s loss ratio was .586, meaning nearly 59 cents of every dollar collected in premiums was paid for lost time and/or medical expenses.
The Division of Highways paid $38.6 million in premiums and had claims totaling $21.6 million. Its loss ratio was .558.
The insurance commissioner’s office released the data as part of an effort to interest insurance companies in bidding to cover state agencies. That coverage is now provided by BrickStreet Mutual Co., which has said it’s not interested in continuing it.
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