Insight, analysis & opinion from Joe Paduda
After my post yesterday, I received a couple of ‘what are you smoking’ messages from industry colleagues reacting to my note on firming pricing for work comp premiums. (in fairness, I was reporting on a MarketScout study…) Well, here are … Continue reading Workers comp pricing – where’s it headed?
Read More...NCCI President Stephan Klingel led off this year’s NCCI Annual Issues Symposium with a brief intro, and his lead in wasn’t exactly encouraging, predicting a ‘precarious’ outlook for the workers comp market. The factors that led NCCI to characterize work … Continue reading NCCI’s state of the industry 2010 – the overview
Read More...Numbers released by the Institute for Supply Management indicate manufacturing activity increased in April for the fifth consecutive month, while public construction was also up. The manufacturing numbers were the strongest they’ve been since June 2004, and according to a … Continue reading Good news for work comp – Manufacturing and Construction activity increasing
Read More...When the huge Chinese treasure fleets up-anchored and raised their sails, their mission was simple, the execution of that mission anything but. Expanding Chinese influence and trading was the goal, a goal that required designing, building, crewing, and training a … Continue reading Where the work comp world is heading – Part 2, the near term
Read More...Yesterday’s news that US industrial production continued to improve was a welcome sign of good news for a work comp industry that has been hammered by declining claims frequency, increased severity, horrible investment returns, and a recession that prolonged what … Continue reading For the work comp industry, the picture is getting brighter
Read More...Work comp is affected by several factors, but none are as significant as the economy. After over a year of horrible news, things look to be slowly getting better. As activity picks up, we can expect the comp industry to … Continue reading The recovery is coming – what does that mean for work comp?
Read More...I’m covering the Annual Issues Symposium at the NCCI Conference in Orlando… The agenda looks pretty strong, and attendance is solid as well – at 98% of 2008 levels (a big contrast to the RIMS show last month). NCCI released … Continue reading Annual NCCI Conference – preview
Read More...As if the declining frequency rate wasn’t bad enough, managed care companies are now looking at significantly lower claims volume in 2009, a decline that will spell trouble for work comp managed care. When the number of injuries goes down … Continue reading Tough times ahead for work comp managed care
Read More...The comp conference ended (for me) last Thursday; the passage of time allows for the individual impressions to meld into an overall picture of the current, and near-term future, of the comp managed care industry. Here’s what it looks like. … Continue reading The (short term) future of workers comp managed care
Read More...At risk of being accused (and justifiably so) of being Johnny One-Note, this is the third consecutive post on Coventry. While the other two were focused on their recent moves to enhance customer relations, this one is specific to the … Continue reading Coventry – the financial picture
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