Today’s issue of WorkCompRecap features features a new edition of the National Council on Compensation Insurance (NCCI)’s Gauging the Economy Newsletter. Published quarterly, Gauging the Economy examines the current state of the economy and the implications for the Workers’ Comp industry.
Highlights include the opinion that “continued weakness in employment growth suggests downward pressure on exposure and claim frequency will likely continue, at least until the labor market is poised for full recovery”. NCCI also added that despite some fear of general price deflation, “medical price increases are expected to remain relatively strong and will continue to keep an upward pressure on medical severity”.
Find out more (including a link to the full report!) by clicking here.