ORLANDO, FLA.--The recession is not all bad news for workers'compensation insurers, because fewer workers are likely to beinjured, an economics expert explained here.
Some of the impact from the downturn is "sort of a silverlining," explained Harry Shuford, chief economist for the NationalCouncil on Compensation Insurance. "Injury rate frequency tends tofall at a faster pace during recessions."
Mr. Shuford was interviewed before he delivered a briefing todayon "Workers' Compensation and the Business Cycle--An Overview" atthe Regulatory Forum, a session for state regulators in advance oftomorrow's NCCI Annual Issues Symposium here.
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