Thank about it – the economy is slow. People are more likely to stay on claim longer and claim more injuries. This is a fact of life.
However, it just seems that escalating medical costs are compounding the problem as well…
But, the attached article shows that real issue is that payrolls are shrinking causing premiums to shrink.
The attached article shows that because premiums are shrinking – it is causing expense ratios for insurance carriers to go Haywire.
This means Work Comp premiums could be increasing.
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