Insight, analysis & opinion from Joe Paduda
Three speakers in the final IAIABC session focused on the future of workers comp and factors affecting same. Allen Hunt of the University of Wisconsin started out discussing the factors contributing to the current deficit. In a nutshell, he doesn’t … Continue reading Work comp’s future – IAIABC’s closing session
Read More...While there weren’t a plethora of deals announced at RIMS last week, that’s not due to a lack of activity. The pending changes to tax rates (without another extension, capital gains will go up at the end of 2012) make … Continue reading M&A – what’s happening next in the work comp world?
Read More...This morning NCCI released the 2010 results for private work comp insurers – and they aren’t good. The combined ratio climbed to 115%, an increase of a full five points over 2009. The combined ratio is a key measure of … Continue reading 2010 work comp – results “deteriorated”
Read More...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
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