Newspaper article from our research archive:

Workers Compensation Experts Advise Oklahoma Firms on Rate Reduction.(Originated from Tulsa World, Okla.)

OKLAHOMA CITY--Jul. 11--In 1989, Texas had one of the highest workers-compensation insurance costs in the nation.

For every premium dollar earned by insurers, they had to pay out $1.07 in compensation costs. Major businesses were threatening to leave the state, many businesses stopped carrying compensation insurance and the public looked upon the system with open cynicism.

All of that changed in 1989, when Texas lawmakers rewrote their compensation laws, reducing the role of attorneys, eliminating lump sum awards in most cases and making sure that injured employees received their benefits on time.

Loss ratios incurred by workers compensation insurers in Texas have ...

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