NCCI’s latest report, Exploring Workers Compensation Trends by Industry and State, digs into the details and why it matters.
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
