Financial Services Industry
Industry: Email Alert RSS FeedWorkers' compensation claim frequency declines.
Claims, January, 2004 by Didonato, Tony
Over the past several years, the National Council on Compensation Insurance has reported that on-the-job claim frequency for workers' compensation injuries has continued to decline--a bright spot for workers, employers, and their insurers. Interestingly, the latest NCCI research shows that this decline has been most pronounced for smaller claims. However, medical and indemnity costs continue to rise, at least somewhat negating the good news regarding reduced claims.
In a market that is still struggling with a negative economic environment, declines in the rate of work-related injuries and in claim frequency continue to be success stories for workers' compensation. In an update prepared in 2002, NCCI extended the analysis on frequency that it first presented in...
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