Friday, April 10, 2009

Effect of Recession on Workers' Compensation

Wondering about the impact of the economic downturn on workers' compensation claims? It seems to be a mixed bag. The bloggers at LynchRyan have posted a roundup of current articles with links for easy viewing.

Lower claims frequency due to reluctance of employees to file claims may be offset by plant closings that trigger multiple claims. Oklahoma hasn't been hit as hard as some states by the recession, but plant closings in Antlers (Weyerhauser) and Ponca City (Tyson) are symptoms of what many economists believe is a lengthy growth stagnation.

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