The Impact of Economic Downturns on Workers’ Compensation Claims Frequency
As our economy becomes front-page news, the familiar refrain will soon be published in industry blogs, newsletters, and magazines that if there is a recession there will also be an increase in workers' compensation claims frequency The relationship between economic downturns and workers' compensation claims frequency has long been debated. Conventional wisdom suggests that claims frequency increases during economic slowdowns as workers file claims to avoid layoffs or maintain medical…