08DOA-S2294 State Workers Compensation Statistics.pdf
PDF 174 KB Posted
- Attached to
- RFQ Nevada Workers Compensation Brokers
- Solicitation number
- 08DOA-S2294
- Issued by
- Clark County, Fish Springs CDP, Nevada
About this file
The document is a set of state workers' compensation statistics from 2017 to 2022 for the state of Nevada. It provides detailed information on various metrics related to workers' compensation claims, including indemnity paid, medical paid, expenses paid, total paid, total recoveries, outstanding reserves, total incurred, number of claims, and claim costs. The data is broken down by claim type (indemnity vs. medical-only) and cost ranges.
The related state and local contract opportunity is a Request for Qualifications (RFQ) issued by the Nevada Department of Administration's Risk Management Division. The RFQ seeks proposals from insurance brokers with the appropriate qualifications and experience to assist the Risk Management Division in marketing and structuring its Workers Compensation Insurance Program pursuant to NRS 331.184(3). The contract will cover the jurisdictions of Carson City.
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Other files
| File | Type | Posted |
|---|---|---|
| 08DOA-S2294 RFQ NV Workers Compensation Brokers~5.docx | DOCX document | |
| 08DOA-S2294 Summary of Exposures.docx | DOCX document | |
| Attachments for Signature~15.pdf | ||
| Terms and Conditions for Services~18.pdf | ||
| 08DOA-S2294 Insurance Schedule.doc | DOC document | |
| 08DOA-S2294 State Administration Manual Sections 0521 and 0524.pdf | ||
| Nevada Analysis of Unpaid Loss and ALAE 2022-08.pdf | ||
| Proposed Staff Resume~15.docx | DOCX document | |
| 08DOA-S2294 Cost Schedule.docx | DOCX document | |
| 08DOA-S2294 Insurance Market Requests.docx | DOCX document | |
| 08DOA-S2294 State NV Employees by County.pdf | ||
| 08DOA-S2294 Current Workers Compensation Program.docx | DOCX document | |
| 08DOA-S2294 Letter Of Intent.pdf | ||
| 08DOA-S2294 Questions and Answers Responses.xls | XLS spreadsheet | |
| Quote Instructions.pdf | ||
| Reference Questionnaire~16.docx | DOCX document | |
| Standard Form Contract~7.docx | DOCX document |
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Text version
**As of December 31, 2022 CY 2017 CY 2018 CY 2019 CY 2020 CY 2021 CY 2022 Indemnity Paid
$4,967,266 $4,724,152 $4,580,203 $4,854,602 $4,895,474 $613,342 Medical Paid $4,000,364 $3,340,725 $3,269,210 $2,212,994 $3,478,264 $1,302,880 Expense Paid $1,048,508 $894,138 $834,174 $527,801 $701,449 $245,123 Total Paid $10,016,138 $8,959,015 $8,683,587 $7,595,396 $9,075,187 $2,161,345.03 Total Recoveries $763,086 $1,305,813 $376,224 $135,814 $42,844 $731 Outstanding Reserves $530,551 $530,303 $1,190,616 $914,723 $8,907,500 $3,160,017 Total Incurred $10,146,218 $8,668,881 $9,682,104 $8,557,726 $18,016,044 $5,324,448 Reserve % of Total Incurred Costs 5.23% 6.12% 12.30% 10.69% 49.44% 59.35% Total Number of Claims 941 994 923 765 781 634 Total Number of Open Claims 16 15 14 28 93 296 Total Number of Closed Claims 925 979 909 737 688 338
Indemnity Claims 150 166 157 128 175 80 Indemnity Claim Total Incurred $9,149,753 $7,500,679 $8,472,116 $7,722,629 $17,170,046 $3,754,039 Medical Only Claims 791 828 756 633 600 554 Medical Only Claim Total Incurred $996,465 $1,168,201 $1,209,988 $835,097 $845,998 $1,570,409 Claims Without Costs 44 5 10 12 9 5
Average Claim Cost $8,323 $7,638 $8,606 $7,461 $16,304 $5,309 Average Indemnity Claim Cost (TI) $60,998 $45,185 $53,963 $60,333 $98,115 $46,925 Average Medical Only Claim Cost (TI) $1,260 $1,411 $1,601 $1,319 $1,410 $2,835
Breakdown of Claims by Cost
Over $500,000 Total Incurred (TI) Number of Claims 1 0 1 0 2 0 Percent of Total Claims 0.11% 0.00% 0.11% 0.00% 0.26% 0.00% Cost (Incurred) $773,481 $0 $519,162 $0 $5,946,734 $0 Percent of Total Cost 7.62% 0.00% 5.36% 0.00% 33.01% 0.00% Between $100,000 and $499,999 (TI) Number of Claims 22 20 17 20 36 7 Percent of Total Claims 2.34% 2.01% 1.84% 2.61% 4.61% 1.10% Cost (Incurred) $4,771,911 $3,559,142 $3,544,675 $4,410,448 $5,994,187 $1,359,442 Percent of Total Cost 47.03% 41.06% 36.61% 51.54% 33.27% 25.53% Between $50,000 and $99,999 (TI) Number of Claims 25 27 34 26 53 21 Percent of Total Claims 2.66% 2.72% 3.68% 3.40% 6.79% 3.31% Cost (Incurred) $1,842,496 $1,856,270 $2,486,357 $1,856,854 $3,594,213 $1,496,840 Percent of Total Cost 18.16% 21.41% 25.68% 21.70% 19.95% 28.11% Between $10,000 and $49,999 (TI) Number of Claims 67 78 78 52 64 49 Percent of Total Claims 7.12% 7.85% 8.45% 6.80% 8.19% 7.73% Cost (Incurred) $1,714,272 $2,021,728 $2,119,791 $1,433,959 $1,648,243 $1,324,400 Percent of Total Cost 16.90% 23.32% 21.89% 16.76% 9.15% 24.87% Between $1,000 and $9,999 (TI) Number of Claims 309 349 300 243 210 288 Percent of Total Claims 32.84% 35.11% 32.50% 31.76% 26.89% 45.43% Cost (Incurred) $835,838 $1,043,197 $811,068 $680,490 $653,293 $1,028,834 Percent of Total Cost 8.24% 12.03% 8.38% 7.95% 3.63% 19.32% Between $0,01 and $999 (TI) Number of Claims 473 515 480 412 407 264 Percent of Total Claims 50.27% 51.81% 52.00% 53.86% 52.11% 41.64% Cost (Incurred) $208,220 $188,542 $201,050 $175,975 $179,374 $114,932 Percent of Total Cost 2.05% 2.17% 2.08% 2.06% 1.00% 2.16%
State Workers' Compensation Statistics** 08DOA-S2294 RFQ Nevada Workers Compensation Brokers
2017 - 2022 Comparison
File details come from the government source that posted it. Updated .