According to the National Council on Compensation Insurance (NCCI), the decline in claim frequency for workers’ compensation injuries continued in 2008, and economic factors indicate additional reductions are likely in 2009.
However, NCCI’s most recent review of claim frequency and severity shows, while claim frequency has declined, indemnity and medical severities continue to rise.
Key highlights of the new NCCI analysis are:
1. Over the last five years, there were significant declines in total lost-time claims frequency for all industries, geographic regions, and employer sizes.
2. The number and frequency of Permanent Total claims increased significantly over the last four years, with all major causes of injury contributing to the rise.
3. The rise in Permanent Total claims appears to be driven primarily by workers age 50 or under. (workersxzcompxzkit)
4. While claim frequency generally decreases as risk size increases, single-state risks in some classes have higher claim frequency at the higher payroll sizes than at lower payroll sizes.
To view the full report, visit: https://www.ncci.com/nccimain/IndustryInformation/ResearchOutlook/Pages/WCClaimFrequency2008.aspx
Author: Robert Elliott, J.D.
Follow Us On Twitter: www.twitter.com/WorkersCompKit
Reduce Your Workers Comp: www.ReduceYourWorkersComp.com/
WC Best Practices Quick Check: http://www.workerscompkit.com/intro/
Do not use this information without independent verification.
All state laws vary.
©2008 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law. If you would like permission to reprint this material, contact [email protected]
