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P&C TPA's to be impacted by reduction of WC claims volume

April 6, 2009

Analysis of:Economic Downturn Presents Mixed Results for Workers' Comp Market | www.claimsjournal.com

The current recession will have significant impact on some segments of the workers compensation insurance and claims administration (TPA) market. With declining employment, claim counts will be reduced over the period until recovery is well underway. While there is anecdotal data that indicates claim frequency increases due to plant closings or lay-offs, in general, recessions have led to reductions in claim frequency. This article summarizes comments from Harry Shuford, chief economist for the National Council on Compensation Insurance (NCCI) at a recent meeting of the Casualty Actuarial Society (CAS) Ratemaking and product Management Seminar in Las Vegas.

A Comprehensive National Approach to CATs is Necessary

August 23, 2006

Analysis of:U.S. Must Brace For CATS Or Face Ruin: Study | cms.nationalunderwriter.com

* The research and findings of the Towers Group are right on point in revealing weaknesses in catastrophe management
* Models predict worsening catastrophes with higher exposure due to movement of the US population to catastrophe-prone areas
* A comprehensive approach is necessary due to multi-state impact of catastrophic events

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