Medical Inflation

At the 2023 WCRI Annual Conference, Dr. Olesya Formenko from WCRI talked about how medical inflation impacts workers’ compensation. Growth in the Consumer Price Index from 2020 to 2022 was much higher than in previous years, averaging 6.4%. The average growth in the eight years prior to that was 1.6%. The price increases seen in […]

Construction Industry Trends and Challenges

At the 2022 IRMI Construction Risk Conference, the President and CEO of FMI Corporation, Chris Daum, presented the opening session, providing insight into the construction economic outlook, trends that may impact the risks contractors face in their day-to-day operations, and some short- and long-term challenges and opportunities for the industry. Economic Headwinds Currently, we are operating […]

Economic Disruption and Workers’ Compensation

At the 2022 WCRI Annual Conference, Robert Hartwig, Associate Professor of Finance from the University of South Carolina, talked about a variety of issues impacting the economy and workers’ compensation. Inflation Overview and Impact The current drivers of inflation are rooted in pandemic-related supply chain disruption and monetary policy changes made in response to the […]

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