Today’s issue of WorkCompRecap features NCCI’s release of its Mid-Year Highlights report, which found that overall workers compensation results for 2021 were strong and consistent with the recent past.
NCCI noted that the industry has remained resilient as it faces challenges that have impacted both the labor force and the WC system as a whole, including the COVID-19 pandemic and various economic-related influences, such as inflation and the Great Reshuffle. Key areas of concern for the industry overall included rate adequacy; COVID-19-related impacts; the shifting workforce and workplace; and medical costs. The report highlights actuarial and economic insights that NCCI has provided in 2022 and shares top-of-mind considerations heading into the second half of the year.