Carriers Wary of Increased Claim Frequency

A potential increase in workers’ comp claim frequency as a result of the tight labor market remained a topic of discussion as carriers reported their first quarter earnings results. An increased work comp claim frequency was reported in October by Doug Elliot, president of The Hartford, among the company’s small commercial and middle-market accounts. Elliot attributed the increase to the tight labor market, which has led to businesses hiring new workers who may be at higher risk of injury. But in a conference call with analysts on Thursday, Elliot said the trend seemed to be ...