Today’s edition of WorkCompRecap kicks off the new year with a brief look back, and a look forward, with a new edition of the 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 predicted slower job growth as a result of weakness in the economy will help limit pressure on claims frequency and exposure. NCCI also points out that labor market weakness suggests pressure on indemnity severity due to wage inflation should only increase slowly.
Find out more (including a link to the full report!) by clicking here!