Insight, analysis & opinion from Joe Paduda
Hold on, because this isn’t going to end up where you think it is. The comp insurance business is shrinking. Insurers are increasingly outsourcing claims function to TPAs, and TPAs are looking to move more claim-related activities in-house to capture … Continue reading Work comp is fading, and that’s a big loss.
Read More...NCCI’s just-published assessment of work comp trends has a wealth of information, much of it well worth contemplation by anyone in the industry. Here are a few takeaways that jumped out at me. Overall the current state of the market … Continue reading Workers’ comp – the near-term outlook
Read More...The always-entertaining and enlightening Bob Hartwig of the Insurance Information Institute was next on the podium – he violates a bunch of “presenting rules” (chiefly talking really fast) and is thereby proof that you can be a very good and … Continue reading Bob Hartwig – drinking from the firehose
Read More...NCCI’s Dr Harry Shuford gave a great brief talk on the economy’s impact on the financial performance of WC. A few key takeaways. WC is a relatively small part of the overall property and casualty insurance industry (around 11% or … Continue reading WCRI – Shuford on how the economy drives work comp
Read More...Okay, the easy ones are done. Now it’s on to the tough, out-of-nowhere predictions, the ones that make – or more likely break, any reputation as a prognosticator. 6. Aetna will not sell its work comp business. Even though some … Continue reading Work Comp Predictions for 2014 – Part 2
Read More...More discussion over macro factors driving workers comp – the always energetic Bob Hartwig Ph.D. followed Dennis Mealy. Hartwig was his typically rapid-fire self, dispensing insights, quick takes on economic data, the impact of catastrophes and myriad other topics faster … Continue reading Bob Hartwig on macro factors – drinking from the firehose
Read More...Perhaps the best-produced workers’ comp conference is the annual issues symposium (AIS), held in Orlando each May. The 800+ attendees got together last night for a pre-conference cocktail party in blessedly comfortable weather; the mood was upbeat, positive, and optimistic, … Continue reading NCCI – happy days are….
Read More...The good folk at WCRI were kind enough to send me their latest CompScope research which covers workers’ comp cost drivers, components, the impact of regulatory changes, and trends in 16 states. Needless to say, there’s a LOT there. And … Continue reading WCRI’s latest research says…
Read More...We’re drinking from the firehose that is Bob Hartwig’s annual discussion of economic factors affecting the property and casualty industry. His presentation was – as usual – high energy and entertaining. Example – noting that a Greek default would have … Continue reading Hartwig’s take; the economy and P&C insurance
Read More...This was the tenth year NCCI Chief Actuary Dennis Mealy gave the State of the Line presentation (I’ll post the link when it’s available). Claim frequency – on an adjusted basis – was down slightly (a single point). This continues … Continue reading NCCI – the state of the line 2012
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