NCCI Says Lost Costs Decreasing Due to Payroll Changes

Workers’ compensation bureau loss costs are decreasing, mostly due to changes in payroll used to calculate premiums, along with a continued decline in injury claim frequency, according to a report released Tuesday by the National Council on Compensation Insurance. Workers’ comp costs have been increasing recently at a slower pace than wage inflation, resulting in decreased loss costs, the report says. Additionally, injury claim frequency has been decreasing “over a long period,” it says. “Workers’ compensation average claim costs generally increase,”...