Workers Comp Audit Stress Reducer
Use It For Your Next Premium Audit

Best Workers Comp Markets Are In 14 States


Workers Comp Markets Are In 14 States

The best Workers Comp markets in the US exist in 14 states. According to an annual R Street policy study, these 14 states had the best Workers Comp markets (scored 10 of 10):

Map of 14 States Workers Comp Markets Graphic
Wikimedia Commons – Andrew c
  • Alabama
  • Florida
  • Georgia
  • Iowa
  • Illinois
  • Indiana
  • Mississippi
  • North Carolina
  • Nebraska
  • South Carolina
  • South Dakota
  • Tennessee
  • Virginia
  • Wisconsin

The states that scored the lowest (4.3 or lower of 10) were:

  • Idaho
  • Maine
  • Montana
  • North Dakota (fourth lowest with 2.9 score)
  • Ohio (tied 2nd lowest with 2.1)
  • Rhode Island
  • Washington (lowest score of zero)
  • Wyoming (tied 2nd lowest with 2.1)
Woman Showing Workers Comp Markets Chart On White Board

WC  was a small subset of the larger study on the overall insurance market comparisons.   The WC section begins on page 25 of the study.

Standard deviations were used heavily with points added to and subtracted from the national norms (means).

One would expect the states that allow no competition to score the lowest.   A large amount of weight was given to having only one insurer in the state.

The measurements used in the study were:

  • Concentration – number of carriers supplying coverage, monopolistic funds were seen as overly concentrated
  • Residual – availability of insurers of last resort or state funds,
  • Loss Ratio –  as compared to the national average

I do agree with the study as to the extent of measuring market competitiveness.   Workers comp markets only covered 10% of the total study.   The study is one to download and read for more than just the WC numbers.

The study was very thorough even if some numbers/scores were determined arbitrarily.

©J&L Risk Management Inc Copyright Notice




James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


Get the latest workers' comp news FREE!

This field is for validation purposes and should be left unchanged.