In industry news:

NCCI recently released the latest edition of its Quarterly Economics Briefing Newsletter, which examines the current state of the economy and the implications for workers’ compensation insurance. The organization concludes in the report that: “Significantly for workers’ compensation, aggregate employment continues to recover. The pace of recovery is uneven across sectors, and particularly in important sectors such as construction and manufacturing…wage inflation when it does occur should probably be seen as a positive sign for workers’ compensation, since it will indicate a healthy premium environment, even if incipient inflationary pressure also prompts the Fed to begin raising the federal funds rate in earnest.”

Access an overview via WorkCompWire here. Access the free briefing from NCCI here.

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