Mar 8 2010
The Preferred Transportation Self-Insured Group (PTSIG), a Nevada Workers' Compensation program, today reported a decline in work injury claims costs of 71% since 2005. The steep drop in costs will allow the group to consider a return of surplus to employer members in 2010. Responding to the sustained strong performance of the PTISG, the Board of Trustees announced plans to open membership to qualified businesses in the warehousing and automotive service industries to help more Nevada employers lower costs and stay competitive.
Board Chair George Balaban commented:
"Our safety and claims management programs have been delivering better results every year. We have been especially pleased with our highly successful subrogation efforts. We have recovered close to $1,000,000 for the group and our employer members with more on the way. When employers are hit by injuries and costs caused by third parties, somebody should go to bat for them. We are aggressive and successful on subrogation because PTSIG exists to help its employer members and their employees. Nevada has business success stories and this is one of them."
Source:
Preferred Transportation Self-Insured Group