Pure Premium Trends in Workmen's Compensation

Workmen's Compensation Insurance is generally considered to be a line which is subject to unpredictable fluctuations. There are "good periods" of greater or less duration followed by "bad periods" of equally uncertain length. It is recognized that changes in wages and hours of labor as well as changes in the volume of industrial activity may have some effect on compensation costs but precisely what these effects are or when they will be felt are extremely difficult to determine.