Doubled? To me anything doubling is big news. It would then appear logical if the claims have gone down over 30% and the average claim doubled that the total cost to the workers comp industry has increased. There was no mention of that in the article.
Some of the factors for decreased claims are "improvements in working conditions and productivity." Many companies are making the connection between fewer claims and safer work environments. The investment in proper or better worker training and safety is paying off in the long run with less workers comp claims.
Another interesting deduction is during a rising economy when more people are being hired there tend to be more claims. This is due to all the inexperienced workers flooding the marketplace. I guess you have to take the good and the bad even during a rising economy.
Comment Preview