ORLANDO, FLA.–Job injury frequency has declined more than 30 percent over the past decade and economic forces will continue that trend, an economist with the National Council on Compensation Insurance told an industry conference yesterday.
That forecast came from Harry Shuford, NCCI chief economist, in a talk at the group's annual seminar here outlining what he described as “the mystery of the disappearing frequency–so important, so misunderstood.”
Mr. Shuford noted that even as frequency has gone down, the average cost per claim has doubled. Over the past quarter century, he said, frequency has declined about 1 percent a year with some cyclical swings.
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