In May 2025, we presented the economic outlook at our
Annual Insights Symposium. While we encourage everyone to watch the presentation, some might prefer to read about the outlook instead. In this brief, we will summarize the key takeaways from 2025’s
The State of the Economy and Its Impact on Workers Compensation presentation as well as provide several updates based on new information in the weeks since the presentation.
Key Themes and Takeaways
- Policy changes in early 2025 have led to a heightened sense of economic uncertainty.
- Uncertainty around tariffs and their impact on consumer spending have increased recession probabilities; however, economic data has shown little sign of deterioration so far in 2025.
- For workers compensation, tariffs may lead to higher medical prices and could disrupt the labor market, impacting premium and frequency trends.
Check out the full
Quarterly Economics Briefing to learn more.
Connect with our
Economics Team if you have questions or want to gain additional insights.
This article is provided solely as a reference tool to be used for informational purposes only. The information in this article shall not be construed or interpreted as providing legal or any other advice. Use of this article for any purpose other than as set forth herein is strictly prohibited.
