Workers’ compensation claims will increase in severity in 2013

While the frequency of workers’ compensation claims in the US is expected to decrease further in 2013, in line with current trends, their severity and overall cost to insurers will rise, according to a report by Aon Risk Solutions, which blames rising medical costs and gaps in time between incidents occurring and claims being made.

Aon Risk Solutions released its findings in its inaugural Health Care Workers’ Compensation Barometer Report. Vicki Missar, associate director for Aon Global Risk Consulting, identified three key reasons for the severity of claims increasing.