Multi-year trend information for Rate Group GL
What trends is your rate group experiencing? This chart provides a history
of your rate group's performance.
To understand the terminology used in this chart, view the explanation
of trend terms.
| Key indicators
|
2006 |
2007 |
2008 |
2009 |
2010 |
Change 2006-2010 |
Change 2009-2010 |
| Injury rate |
6.5 |
6.9 |
6.5 |
5.9 |
6.3 |
-3.1% |
6.8% |
| Total duration |
62.2 |
66.1 |
67.7 |
73.8 |
83.0 |
33.4% |
12.5% |
| Average weekly wage |
$727 |
$759 |
$810 |
$801 |
$790 |
8.7% |
-1.4% |
| Number of claims |
461 |
543 |
506 |
390 |
402 |
-12.8% |
3.1% |
| Cost history
(in thousands) |
2006 |
2007 |
2008 |
2009 |
2010 |
Change 2006-2010 |
Change 2009-2010 |
| Short term disability |
$2,541 |
$4,258 |
$3,284 |
$2,642 |
$2,837 |
11.6% |
7.4% |
| Long term disability |
$2,388 |
$6,700 |
$4,294 |
$3,130 |
$2,690 |
12.6% |
-14.1% |
| Survivor benefits |
$1,364 |
$1,026 |
$1,061 |
$851 |
$139 |
-89.8% |
-83.7% |
| Health care |
$2,880 |
$9,599 |
$3,184 |
$3,873 |
$3,286 |
14.1% |
-15.2% |
| Vocational rehabilitation |
$533 |
$1,251 |
$1,121 |
$670 |
$575 |
7.9% |
-14.2% |
| Total costs |
$9,706 |
$22,834 |
$12,944 |
$11,166 |
$9,527 |
-1.8% |
-14.7% |
| Rate data
(in millions) |
2006 |
2007 |
2008 |
2009 |
2010 |
Change 2006-2010 |
Change 2009-2010 |
| Assessable payroll |
$263 |
$310 |
$326 |
$262 |
$278 |
5.4% |
6.1% |
| Accumulated payroll |
$326 |
$366 |
$365 |
$283 |
$287 |
-12.0% |
1.6% |
| Benefit cost rate
|
2006 |
2007 |
2008 |
2009 |
2010 |
Change 2006-2010 |
Change 2009-2010 |
| (Per $100 of payroll) |
2.97 |
6.24 |
3.55 |
3.95 |
3.32 |
11.8% |
-15.9% |
| Average benefit cost rate for calculating the 2012 base rate: |
$4.07 |
| Number of years used to calculate average benefit cost rate: |
5 |
