This paper examines and discusses metrics specific to the State of New Jersey (NJ). More precisely, the paper will:
- Present current and historical claim incidence rates (claim frequency) in NJ;
- Present current and historical estimates of average WC claim costs in NJ based on the most
recently available insurance industry data;
- Benchmark claim frequency, claim costs, and overall costs against Countrywide metrics; and
- Discuss NJ’s relative WC cost ranking compared to other states.