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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Read the full article here

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