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NCCI: Workers Comp Lost-Time Frequency Claims Down 1% in 2011

Source: Business Insurance, NCCI


Posted on 13 Jul 2012 by Neilson

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Workers CompWorkers compensation lost-time claim frequency declined by 1% in 2011, according to a report from NCCI Holdings Inc.

In a report released Thursday, the Boca Raton, Fla.-based ratings and research agency said last year's claims data points toward possible economic recovery. Claims frequency rose 3% in 2010—the first increase in 13 years—which NCCI attributed partly to an increase in post-recession hiring.

Despite a decreasing number of claims, NCCI said the average indemnity cost per claim rose 2% last year to $22,300. Average medical cost per claim also increased 4% last year to $28,000, NCCI said.

NCCI noted that improved technology and workplace safety measures have contributed to long-term declines in workers comp claim filings.

Frequency also has declined, in part, due to an increased number of aging workers, who tend to have fewer workplace accidents, NCCI said.