Interactive NCCI Pandemic Claim Stats – A Few State Anomalies
An NCCI pandemic claim stats article has been produced in the last few days. Catching up on my email, I came across this great article that has an interactive component that you should tryout – worth a few minutes of your time – trust me. The interactive state comparison remains as one of the great quick-look comparisons.
For the true data geeks and wonks, check out the end of the article.
If you are into Workers Comp from any angle, go here to try it out. Five minutes of your time will get you started into what is happening in your state(s) versus other states in the region. If you are a multistate employer, even better. The NCCI pandemic claims stats can give you a great look at what happened during the three years of COVID-19. Please remember that COVID-19 disease claims were not counted. I think it was fair to exclude the COVID-19 claims from the Experience Mods.
NCCI Pandemic Claim Stats Not Late
Why is it coming out now? Many workers’ comp pundits were griping during the pandemic that no data was being released that reflected the pandemic-influenced numbers. Think 18 months for accuracy, not late stats. The NCCI pandemic claim stats cover the newest reported data. I will save you from the calendar month counting analysis for now.
From the NCCI Article – Old Trends Never Die Out
From NCCI –
- The 2023 countrywide average change in lost-time claim frequency is –7.6%
- The 2023 countrywide average changes in indemnity and medical severities are +4.6% and +2.3%, respectively
- On average, countrywide lost-time claim frequency decreased over the most recent five-year period while corresponding indemnity and medical severities increased.
The trends have occurred since the 1990s. Lower frequency and higher per-claim costs (severity) continue the same almost 30-year trend.
Bottom Line – To Receive Notifications and Links to Articles
For the true data geeks and wonks, a download icon appears at the top right of the article. Downloading it will give you an amazing spreadsheet – all of it for free. I recommend signing up for an NCCI username and password. You can receive updates on new articles such as this one on NCCI Pandemic claim stats.
