X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Costs Outpaced 01 Wages

Workers compensation costs for employers grew at a faster pace than wages in 2001, mostly because the economic downturn discouraged rapid salary increases, according to a study released last month by the National Academy of Social Insurance, a Washington, D.C.-based non-profit research group.

According to the report on 2001 benefit and wage levels, 2001 was the first time that workers comp benefit levels rose more than wages since 1992.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.