In industry news:

Workers’ compensation benefits as a share of payroll declined in 2016, continuing a five-year trend, while employer costs as a share of payroll fell for the third straight year, according to a new report from the National Academy of Social Insurance. There were significant variances between states. For instance, Louisiana ranked 48th among all states for percent change in payroll covered by workers’ comp between 2012 and 2016, with an increase of 7.6 percent. Louisiana ranked 24th among all states for percent change in total workers’ comp benefits paid between 2012 and 2016, with a decrease of 2.3 percent.

Download the report here.

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