Today’s issue of WorkCompRecap features the release of a new edition of NCCI’s Quarterly Economics Briefing, which examines the current state of the economy and the implications for workers’ comp insurance. Key findings from this edition included that employment growth is estimated to mark the largest three-month gain since late 2015, despite projections of slightly slowing employment growth.
In this edition’s “Drilling Down” section, NCCI also examined the impact that major hurricanes have had on US states’ employment and workers’ comp claims, and found that over the past 15 years, there were fewer workers’ comp claims in the year following major hurricanes for affected states. For example, after Hurricane Katrina, workers’ comp claims dropped 10% in Q3 of 2005, and returned to normal levels after about a year. The report dives into local economic outcomes in the aftermath of hurricanes, and focuses specifically on how hurricanes disrupt the economies of affected states, for how long, and the ensuing effects on employment and work injuries.
Find out more (including a link to the free briefs!) by clicking here!