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WorkCompRecap: Figuring Frequency!

December 20, 2022 - WorkCompWire

Today’s issue of WorkCompRecap features NCCI’s recent release of a new Insights report on workers’ comp frequency and severity, providing an overview of countrywide changes in lost-time claim data.

NCCI noted that there are now more remote and short‐tenured workers in the workplace, and there has been a shift in the overall industry mix, which among other factors, impact the overall frequency and severity of workers comp claims. Key findings included that countrywide frequency (including COVID‐19 claims) increased by nearly 3% in Accident Year (AY) 2021 after remaining relatively flat between 2019 and 2020. The frequency of lost‐time COVID‐19 claims decreased in 2021, while non‐COVID‐19 claims saw a resurgence in 2021 following the atypically large drop in frequency that occurred in 2020. Countrywide frequency (excluding COVID‐19 claims) also increased in AY 2021.

Find out more (including a link to the free report!)

Filed Under: Editor's Forum

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