Insight, analysis & opinion from Joe Paduda
Barring some catastrophic exogenic event (war with Iran, pandemic, sudden recession) – workers’ comp premiums will continue to shrink. Meanwhile, despite compelling evidence work comp execs are worried about the opposite problem – that they won’t be able to raise … Continue reading Now’s the time to fix that roof.
Read More...Back from a week’s holiday with my wonderful wife in France; Paris, Mont St Michel and Normandy. A few not-surprising impressions… it’s awfully hard to find a bad meal in France public transit is really, really good what is “old” … Continue reading What I missed, and fashion statements for safety professionals
Read More...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...If there was ever an impossible-to-predict year, 2019 is it. An unstable White House, divided Congress, uncertain-at-best economic outlook, contentious relations with Russia, China, and North Korea, Brexit…jeez I yearn for the days of boredom. But, far be it from … Continue reading Predictions for workers’ comp in 2019
Read More...Yesterday’s top takeaway – the consolidation continues – and the impact can be seen on the exhibit hall floor. Sure there were some new names on the floor, but there seemed to be fewer companies exhibiting this year than in … Continue reading Vegas Day Two – Industry headwinds and poker
Read More...Well, some posts get a life of their own, and so it is with this discussion of claims frequency and claims counts. After much discussion with colleagues and several back-and-forth emails with WCRI CEO John Ruser PhD about the correlation … Continue reading Workers’ comp claims, OSHA reportables, and why both are dropping
Read More...Here’s why. China can outlast the US. China’s leaders aren’t afraid of public pressure to give in to Trump. Despite claims to the contrary, the impact of tariffs on US consumers is being felt – and the pain, while minimal … Continue reading The trade war should scare you
Read More...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
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