WCRI reports increase in lump-sum settlements after reforms
- July 30, 2025
- Posted by: Web workers
- Category: Workers Comp
The Workers Compensation Research Institute reported an increase in lump-sum settlements after New York lawmakers adopted reforms in 2007.
About a quarter of indemnity claims, 23%, were settled by lump sum in injury-year 2007, WCRI said. In injury-year 2014, 37% of indemnity claims were settled by lump sum.
WCRI’s study covered how frequency and costs of the state’s lump-sum settlements have evolved and the impact of policy changes on settlement trends. The study also addressed changes in the duration of time from injury to settlement and shifts in the use and costs of awards.
The study covers open and closed non-COVID-19 indemnity claims from injury years 2005 to 2022, with claims evaluated from 12 to 60 months of maturity.
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