Private Self-Insured’s 2023 Experience
California’s private sector employers that self-insure their workers’ comp obligations collectively spent $1.56 billion last year to provide indemnity and medical benefits to injured employees. The payments cover claims from all years, up 7.6% from the prior year. The self-insured employers have estimated future liabilities still outstanding of $4.18 billion, up from $4.03 billion outstanding …