Insight, analysis & opinion from Joe Paduda
That’s the first top takeaway from NCCI’s Annual Issues Symposium. Over the last 30 years the average pretax operating gain has averaged 5.5%; last year the return was more than four times higher. The big news came from Kathy … Continue reading Work comp is doing well. Really well, because claim counts are dropping.
Read More...Brian Downs runs claims and medical management for the Work Comp Trust of Connecticut. He’s the best claims exec you’ve never heard of. The Trust serves the healthcare industry in Connecticut with both insurance and administrative services. It may be … Continue reading Brian Downs – one of work comp’s best
Read More...Had a chance to sit down with WCRI CEO John Ruser a couple weeks ago and get his take on the Institute’s Annual Meeting, scheduled for March 22-23. For those who have yet to attend WCRI, get yourself there this year…and unlike … Continue reading WCRI is just around the corner
Read More...Following up on yesterday’s predictions, here’s the second five – in no particular order… cf 6. Claims counts will bump up In hurricane-ravaged Puerto Rico, Florida and Texas. Alas a lot of injuries and illnesses will go unreported as unscrupulous … Continue reading Predictions for work comp in 2018, part 2
Read More...Good to be back at work – and ready to opine on what 2018 holds for work comp. Here, in no particular order are my educated guesses, considered opinions, and wild-assed speculations. M&A – specifically big deals – will increase. … Continue reading Predictions for work comp in 2018
Read More...In 2020, there will be 10 percent fewer claims than there are today. In 2023, there will be 20 percent fewer. That’s about 1.2 million fewer claims. excerpted from NCCI AIS 2017 The workers’ comp industry is shrinking, and while … Continue reading Workers’ comp is shrinking
Read More...Every year I dance the danger line, coming up with predictions for the upcoming year. And every year I hold myself accountable, reporting to you, loyal reader, exactly how those predictions worked out. Clearly not a self-portrait; I could never … Continue reading How’d I do on my 2017 workers’ comp predictions?
Read More...There appears to be a “trend” among many work comp insurers to shift more and more claims handling responsibilities to third party administrators (TPAs). I (and I’m sure many others) have been somewhat aware of this for a few years, … Continue reading Claims, they are a’shifting!
Read More...Here’s what I see coming. Quick take – what happens this fall and winter will bump up premiums, injury rates and claims costs. Insurers will see rising premiums, claims service entities more work, and some insurers and re-insurers’ bottom … Continue reading Big changes a-coming in workers’ comp.
Read More...With Congressional efforts to repeal/replace/revise ACA behind us for now, it’s time to consider what all this means for workers’ comp. First up – Medicaid expansion Currently 32 states have expanded Medicaid; 19 have not. Expect more states to consider … Continue reading Healthcare reform implications for workers’ comp, Part 1
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