Insight, analysis & opinion from Joe Paduda
There are several things that will affect workers’ comp in the next couple of years. Perhaps the least obvious, but most significant is consumer spending. Here’s why. Consumer spending drives travel, cars, homes, clothes, tools, food, retail; pretty much everything … Continue reading Credit cards, mortgages, and workers’ comp
Read More...Yesterday I briefly summarized today’s work comp market, which in a word is While this has been very profitable for work comp insurers (that are enjoying double digit returns for the first time ever) and has saved employers and taxpayers … Continue reading The soft market’s impact on work comp service providers
Read More...It’s not “if”, it’s when the next will recession hit. Things were looking iffy a couple months ago, and – if anything – the outlook has worsened since then And when it does, workers’ comp will be affected – like … Continue reading The coming recession’s impact on workers’ comp
Read More...In which I attempt to describe the top takeaways from the latest research and what it may mean for you. Work comp pharmacy WCRI’s latest report on Interstate variations on Dispensing of Opioids is available; free for members, nominal cost … Continue reading Research Roundup
Read More...Flooding and wildfires are causing increased rates of cancer, asthma, and other respiratory ailments among the people exposed. These events are getting larger and more frequent, a reality that will affect the work comp industry. Notably, we understand a lot … Continue reading “Toxic Stews” and workers’ comp
Read More...This month marks the second longest economic expansion in US history; it’s been a decade since things turned around back in June 2009. Like all expansions, this one is going to end – and there’s mounting evidence it will happen … Continue reading The next recession – Not if, but when, and how bad will it be?
Read More...NCCI started with a terrific video featuring several people who suffered significant occupational injuries – and how work comp helped them recover. The video was really well done…kudos to NCCI and their partners for publicizing the good work done by … Continue reading NCCI – final takeaways
Read More...NCCI Chief Actuary Kathy Antonello’s presentation on the state of the industry has just too much information for a single post – so here’s three key details. Reserves Private carriers are over-reserved. That means there’s several billion dollars of excess … Continue reading 2018 Work Comp results – key takeaways part 2 – the details
Read More...Direct written premium was flat, combined ratio stayed low, loss costs decrease, and reserve deficiencies disappeared. Later this week I’m going to do a series of posts unpacking these findings and opining on what it means for you. For now, … Continue reading NCCI’s Kathy Antonello’s top takeaways on work comp for 2018 – part 1
Read More...The information every work comp professional needs is ready – the annual comparison of every state’s workers comp laws is available here. Put together by the experts at WCRI and IAIABC, it includes laws for each of Canada’s provinces too. … Continue reading Research roundup
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