Insight, analysis & opinion from Joe Paduda
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
Read More...I showed up late to WCRI’s annual meeting, and thanks to American Airlines missed three great sessions – two dealt with opioids and one was a deep dive into coordinating medical and RTW services. Grrrrr… Ok, whining is now over. … Continue reading WCRI – deductibles and claims!
Read More...I caught up with WCRI CEO John Ruser PhD last week to find out why the WCRI Conference is in Phoenix, what we’ll learn, and why this event sells out every year. (register here) Why move this to Phoenix? Traditionally, our conference … Continue reading WCRI’s John Ruser on why you need to come to Phoenix
Read More...Workers’ comp is a declining industry. While there may be occasional bumps in claim frequency, claim counts and cost per claim, the irrefutable fact is that every year one of every thirty claims will disappear. Put another way make sure … Continue reading Surviving in a declining business
Read More...There’s an excellent piece on automation and employment in the Harvard Business Review; here are what I see as the main takeaways. What jobs will be lost and where are they? Yes, automation will undoubtedly create jobs – as technological … Continue reading How will automation affect jobs and employment?
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 I recapped my first 5 predictions; today it’s the second 5 (predictions and details are here). 6. Claims counts will bump up In hurricane-ravaged Puerto Rico, Florida and Texas. Alas a lot of injuries and illnesses will go unreported … Continue reading 2018 Predictions – How did I do Part 2
Read More...Most times I’m right, sometimes I’m not – at least that’s what I want to believe. I’ll let you be the judge – here’s how I did on my predictions for 2018. A lifetime ago here’s what I said would … Continue reading 2018 Predictions – how did I do?
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
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