| Table 36 |
| Workers Compensation Comparative Costs, 1998 |
| Rank |
State |
Amt. |
|
Rank |
State |
Amt. |
| 1 |
Oklahoma |
1.71 |
|
27 |
South Dakota |
0.90 |
| 2 |
Louisiana |
1.71 |
|
28 |
New Jersey |
0.89 |
| 3 |
Rhode Island |
1.62 |
|
29 |
Minnesota |
0.85 |
| 4 |
Texas |
1.47 |
|
30 |
Arkansas |
0.84 |
| 5 |
Florida |
1.35 |
|
31 |
Alaska |
0.84 |
| 6 |
New Hampshire |
1.34 |
|
32 |
Kansas |
0.83 |
| 7 |
Alabama |
1.30 |
|
33 |
Wisconsin |
0.81 |
| 8 |
Delaware |
1.25 |
|
34 |
South Carolina |
0.74 |
| 9 |
Hawaii |
1.24 |
|
35 |
Idaho |
0.73 |
| 10 |
NEW YORK |
1.20 |
|
36 |
Iowa |
0.70 |
| 11 |
Montana |
1.19 |
|
37 |
Arizona |
0.66 |
| 12 |
Michigan |
1.18 |
|
38 |
Oregon |
0.66 |
| 13 |
Massachusetts |
1.18 |
|
39 |
Nebraska |
0.65 |
| 14 |
Tennessee |
1.16 |
|
40 |
Maryland |
0.62 |
| 15 |
Colorado |
1.14 |
|
41 |
North Carolina |
0.61 |
| 16 |
Missouri |
1.10 |
|
42 |
Indiana |
0.53 |
| 17 |
Georgia |
1.07 |
|
43 |
Virginia |
0.50 |
| 18 |
Connecticut |
1.05 |
|
44 |
Utah |
0.47 |
| 19 |
California |
1.05 |
|
45 |
Nevada |
NA |
| 20 |
Kentucky |
1.04 |
|
46 |
North Dakota |
NA |
| 21 |
Pennsylvania |
1.01 |
|
47 |
Ohio |
NA |
| 22 |
Maine |
1.00 |
|
48 |
West Virginia |
NA |
| 23 |
New Mexico |
0.96 |
|
49 |
Washington |
NA |
| 24 |
Illinois |
0.96 |
|
50 |
Wyoming |
NA |
| 25 |
Vermont |
0.94 |
|
U.S. Average |
1.00 |
| 26 |
Mississippi |
0.91 |
|
N.Y.S. % above
avg. |
20.0% |
| Source: Actuarial Solutions Inc. |
New York's competitive standing has improved; in 1994, the state's costs were second-highest, 62% above average. |