Report: Economic Conditions Likely to Impact Comp Frequency

More employees at new jobs will likely cause a slight uptick in workers' compensation claims frequency, and higher wages are affecting indemnity payments, according to an economic impact report released Thursday by the Workers Compensation Research Institute. Researchers with the Cambridge, Massachusetts-based institute compared claims data from 2016 to 2021 against recent economic trends, including disruptions caused by the COVID-19 pandemic, to analyze how changes affected workers’ compensation systems. High rates of job turnover — a key economic factor highlighted in ...