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Fraud Expectations Unsupported by Solid Data, Expert Says

Friday, November 7, 2008 | 0

The perception that a tough economy will drive up claims frequency – and possibly fraud is a viewpoint that is not backed by substantial data, despite a recent report by Willis that warns of more workers' comp claims during the recession, according to an economist who expects claims frequency to continue to drop.Some insurers are anticipating increases in claims frequency and longer periods of missed work as unemployment rates hover above 6%, according to the Willis Marketplace Realities 2009 report."During economic downturns, workers’ compensation claims frequency often rises...

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