Insight, analysis & opinion from Joe Paduda
Here’s the second half of my predictions – and how they panned out… 6. The growing impact of global warming will force changes in risk assessment, management and mitigation; technology adoption; and claims. The predicted (heat injuries, wildfires, hurricane intensity, sea … Continue reading 2023 work comp predictions…how’d I do part 2
Read More...A farce. Ok folks, I’m gonna get snarky here. First, there’s the title. I think they meant “insurers” not “insurance”… the latter is quite consistent across all insurers A while back PropertyCasualty360’s reported on a “rating” of workers’ comp insurers by Forbes … Continue reading Forbes’ “rating” of workers comp insurers is…
Read More...Inflation. Employment. Manufacturing jobs. Wages. All are in waaaaay better shape than they were a couple years ago. What’s downright weird is how gloomy many are…in the face of pretty good news on many fronts. So let’s start the weekend … Continue reading Good news Friday – and implications for workers’ comp
Read More...Two mostly-ignored things will have way more impact on workers’ comp than any other ten factors. And as usual, workers’ comp is out to lunch. Let’s quickly review the work comp industry’s failure to understand reality. When COVID hit, the … Continue reading 1 +1 = 3
Read More...Loyal readers know I hold myself accountable…if I call out others, I need to do the same for my own errors and misjudgments. also – I dumped my Twitter account and moved to Threads – joe_paduda is the handle. so … Continue reading 2023 predictions for workers’ comp – how am I doing? part 2
Read More...Back from the boys’ annual mountain biking trip…this one to Hurricane Utah. Great riding in a beautiful area… Okay, at last week’s NCCI conference we learned workers’ comp insurance is earning insurers record profits…despite continued drops in claims frequency, rater … Continue reading This won’t last.
Read More...That’s the only conclusion one could draw from this year’s NCCI State of the Line report. Very profitable despite declining premium rates, eye-watering pre-tax operating gains, and eight straight years of very solid profits…the corks must have been popping down in … Continue reading Work comp is rocking.
Read More...Far too many work comp industry CEOs are dinosaurs. Their refusal to adapt to today’s labor market will ensure they fail their investors/policyholders. Two things triggered this post. an extensive conversation – or rather series of conversations – with the … Continue reading Dinosaurs.
Read More...Yesterday the annual crawling-out-on-a-limb began, today it concludes with 5 more predictions for workers’ comp in 2023. 6. The growing impact of global warming will force changes in risk assessment, management and mitigation; technology adoption; and claims. The predicted (heat injuries, … Continue reading Workers’ comp 2023 – what does the year hold – part 2
Read More...Yesterday we dug into my prescience – or lack thereof – as laid out in my first 5 predictions about workers’ comp in 2022. Today, it’s the second 5. 6. With one or two exceptions, don’t expect much in the … Continue reading 2022 Predictions for workers’ comp – How’d I do part 2
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