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NCCI: Comp claim frequency declined in 2011
The rate of workers' comp claims was back down in 2011. The 1 percent decrease came on the heels of a 3 percent increase in 2010 -- the first hike in frequency since 1997.
NCCI says the recession of 2007-09 and its "tepid recovery" had a considerable impact on frequency. The 3 percent uptick in the 2010 frequency "may have been the result of recession-related factors such as an increase in new hires as the recovery began to take hold and a possible influx of small lost-time claims," the report says. At the same time, the average cost per lost-time claim increased 3.2 percent in 2011. The organization's latest report says the average indemnity claim cost increased 2 percent in 2011 to $22,300. The average increase in medical claim cost per lost-time claim increased by 4 percent to $28,000.
August 23, 2012 Copyright 2012© LRP Publications |
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