NCCI Provides Free Info – Nationwide Injury Stats by State and Industry
A recent article from NCCI provides free info for use by anyone who deals with the world of Workers Comp. This info can be found here.
Another past article on the dashboard can be found here. The three industries that vary from the decrease in injury frequency and why they vary:
Lost time claim frequency says much about what is going on in a state’s Workers Comp system. Users of the info could include:
- Employers looking to expand into another state or industry
- Claims adjusters for reserve guidance
- Agents researching markets for market expansion
- Safety Consultants/Risk Managers
When NCCI provides free info on specific statistics nationwide, you should avail yourself of the info. The dashboard provided remains one of the best sources for this info.
According to NCCI, some of the stats from the dashboard
Key Takeaway
While lost-time claim frequency continues its long-term downward trend, significant differences remain across industries and jurisdictions.
Industry Insights
- Since 2021, most industries have experienced average annual claim frequency declines of at least 5%.
- Health Care, Office, and Private Education have shown more moderate changes, with 2023–2024p frequency trends remaining relatively flat.
- Frequency in these industries is not declining at the same pace as others, and the factors driving these trends vary by industry.
State and Jurisdiction Insights
- District of Columbia (DC) and Nevada (NV) are the only jurisdictions showing increasing overall claim frequency trends since 2021.
- Although Hawaii (HI), DC, NV, and Florida (FL) each have more than 10% of market share concentrated in Leisure & Hospitality (L&H), only DC and NV have experienced increases in both overall frequency and L&H claim frequency.
- These findings suggest that Leisure & Hospitality may be a significant contributor to overall frequency increases in DC and NV.
Looking Ahead
While frequency increases are occurring within certain industries and jurisdictions, NCCI is not seeing a systematic turn in frequency overall.
Every state and every industry have their own story. Understanding differences across industries and states can help stakeholders stay ahead of potential market shifts in a changing environment.
New Resource Available: Industry Trend Dashboard
NCCI is expanding access to industry-level insights through the new Industry Trend Dashboard.
The dashboard enables authenticated users to:
- Analyze workers compensation trends at the countrywide, state, or multistate level
- Compare their own book of business against broader industry experience
- Access aggregate industry-level workers compensation data and trends
Bottom Line
Take five minutes and check out the links to the article and dashboard. When NCCI provides free info that you can use, take advantage of the offering.
