Paduda: What's Really Happening in Workers' Comp

Injury rates are plummeting, insurance premium rates are flat or dropping, and medical costs are down as well. Thursday, Todd Foster of WorkCompCentral reports big rate decreases in Louisiana and Texas, and a slight decrease in Georgia. This comes on the heels of declines in most other southern states, some well into the double digits. Out of 36 states reviewed by the National Council on Compensation Insurance, all but four will get rate decreases. In Texas, a drop in energy service employment is one factor. This is a high-severity, high-frequency industry (injuries ...