Insight, analysis & opinion from Joe Paduda
The annual gathering of the work comp tribes begins tomorrow – here’s a few thoughts from last year’s post. 1. Realize you can’t be everywhere and do everything. Prioritize. 2. Leave time for last-minute meetings and the inevitable chance encounters with old … Continue reading Preparing for Vegas
Read More...Two important data points hit the news this week, both worthy of your attention. First, BLS data indicates private industry employers reported 47,000 fewer occupational injuries and illnesses in 2017 compared to the previous year, a decrease of about 1.7 … Continue reading Work comp claim counts – part 4
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...A recently-released analysis of workers’ comp claim frequency tells us what we’ve known for years – the percentage of workers that gets hurt on the job has been and continues to drop. Yet one major insurer indicates there are warning … Continue reading Workers’ comp claim counts are down…right?
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...Work comp is doing very well – so well that one may want to be a bit nervous. A couple things you should consider: Today’s WorkCompCentral arrived with the news that the Hartford’s profits improved markedly last quarter driven in part … Continue reading Where is the work comp insurance industry heading?
Read More...Spent most of this week doing a long bike ride with two great friends – riding thru a 90 minute downpour, falling into a mud puddle, and marveling at two century-old engineering feats. Glad I missed the poison ivy and horse … Continue reading The big story – work comp rates continue to drop
Read More...The reaction to yesterday’s news that pharmacy costs have dropped by over a billion dollars was a bit disappointing – and missed the key takeaway. That is – we’ve made a ton of progress, and we still have a long … Continue reading Workers’ comp drugs – its NOT about the cost
Read More...Responding to the European Union’s new import tariffs, Harley Davidson will be shifting some production from American factories to its plants in Brazil, India, and Thailand in an effort to keep it’s bikes affordable. A store in Paris Motorcycles aren’t the only … Continue reading The trade “war” and workers’ comp
Read More...Two just-announced acquisitions are an indicator of where things are in today’s work comp services world. Tech firm Mitchell (recently bought by Stone Point (!) thanks for correcting me JT!) will acquire IME and peer review firm MCN. Based in … Continue reading What do these acquisitions mean?
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