Insight, analysis & opinion from Joe Paduda
More than 75,000 work comp injuries were not reported in just three cities last year. Close to a million may have gone unreported nationally. Yesterday’s news (sub req) that 92% of low-wage workers don’t file work comp claims for injuries … Continue reading Is the low work comp injury frequency rate a myth?
Read More...The decline in work comp claims frequency is worrying many in the workers comp managed care business – as well it should. As I noted last week, a drop in the frequency of claims will mean fewer cases to manage, … Continue reading The double whammy = claim frequency and declining employment
Read More...Work comp claim frequency is down, but severity (claims costs) is up. What to make of this?
Read More...Excellent news out of the California Workers Compensation Institute (one of my favorite research outfits) that the frequency of comp claims has dropped significantly after enactment of reforms. The decrease, of 13% from 2004 to 2005, continues a decline that … Continue reading Comp claim frequency drops in CA
Read More...With temps here in the northeast nearing 90 degrees F yesterday – and much hotter in many southern and western states, attention is turning to the implications for workers – and workers’ comp. Two studies released by NCCI and WCRI … Continue reading Heat = More injuries.
Read More...Medical inflation in workers’ comp is pretty much flat – as it has been for several years. Why? Four reasons. Claim counts continue to remain pretty flat with lost time claim frequency down yet again. Drug costs have plummeted over … Continue reading What’s really going on with workers’ comp medical…
Read More...Workers comp is: a) hugely profitable, b) way over-priced, c) even more profitable than it looks, d) by far the most profitable P&C insurance line, e) NOT suffering from medical cost increases, f) a highly mature industry with all the … Continue reading A Workers’ Comp Quiz
Read More...First, it’s…Friday – reason enough to celebrate! Second, the baseball season opened this week…although my beloved White Sox lost to Detroit, the Sox had very good pitching and defense. Yeah, they won’t be good this year but at least they’ll catch … Continue reading Good news…Friday!
Read More...I connected with CWCI President Alex Swedlow – and good friend and colleague – to find out what’s been going on in the Golden State and what the annual confab will feature. Here’s the registration info. note highlights are mine. … Continue reading CWCI’s annual conference is almost here
Read More...I’ve finally figured out that what I think should happen often doesn’t. So, here’s my take on the 5 things that SHOULD happen in worker’s comp this year but likely won’t. We won’t hear more caterwauling about “rising medical costs”. Ha. … Continue reading What should happen in workers’ comp – but probably won’t
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