Washington State Revamp 'Stuck' After Decade

The upgrade of Washington State’s workers compensation system remains in the “planning” phase some 10 years after it began, and is one of the state’s largest and most-delayed IT projects, according to the Seattle Times.
Some $31 million has already been spent and officials have requested another $18 million requested in the upcoming two-year state budget though the project has yet to roll out any new technology and is at least $240 million and nine years from completion.
Officials at the state department of Labor and Industries say new funding is needed to “continue moving this critical project forward” and address the roughly 100 systems, some more than 40 years old, that handle 100,000 new injury claims and $2.6 billion in payments a year.
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New analysis by Digital Insurance shows the top five workers comp carriers ihave an average 5.62% market share, as of Dec. 31, 2024.
The combined direct premiums written by the top five were more than $16 billion, while the direct premiums earned were also more than $16 billion.
The rankings also measured factors including direct loss to earned premium (EP) ratio and direct losses and defense and cost containment expenses to EP ratio.
The rankings were based on data sourced from the National Association of Insurance Commissioners.
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