Costs Outpaced 01 Wages

Workers compensation costs for employers grew at a faster pacethan wages in 2001, mostly because the economic downturndiscouraged rapid salary increases, according to a study releasedlast month by the National Academy of Social Insurance, aWashington, D.C.-based non-profit research group.

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

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • 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.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.