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Motor vehicle accidents are a sore spot for the workers compensation sector, as the frequency for all claims in comp from 2011 to 2016 declined by 17.6%, yet frequency for on-the-clock car accidents increased 5%, according to data released Wednesday by the Boca Raton, Florida-based National Council on Compensation Insurance.
The report, which used data in NCCI’s statistical plan database of claim characteristics, also found that over 40% of workers compensation fatalities involved a motor vehicle accident. It also highlights that while the frequency of lost-time claims has steadily declined since 2010, lost-time claims arising from car accidents have been rising.
Other findings included:
Estimated future drug costs are the main reason that Centers for Medicare & Medicaid Services are requiring increases of Medicare set-aside amounts, according to a report from the National Council on Compensation Insurance released Monday.