Workers' comp by the numbers
After adjusting to account for some of the unusual elements of the recession and its recovery, NCCI economists revealed the following for the workers' comp line in 2010:
1. Frequency -- up by 3 percent. That compares to a decrease of 5.5 percent in 2009.
2. Indemnity claims costs -- down 3 percent, following an increase of 0.8 percent in 2009.
3. Medical claims costs -- up 2 percent, compared to the 5.4 percent increase in 2009. That lags the medical consumer price index for 2010, which was 3.4 percent.
June 6, 2011 Copyright 2011© LRP Publications
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