workers’ comp News
Marijuana Waxes as Opioids Wane in Workers Comp
Workers compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new ...
Year-End 2020 Loss Reserve Redundancy for Workers Comp Hits $14B: NCCI
Workers compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released last Wednesday by the ...
AI Can Detect Workers’ Psychological Stress: Research
Depression is a worldwide problem, with serious consequences for individual health and the economy, and rapid and effective screening tools are thus urgently needed to counteract its increasing ...
Dealing With COVID WC Vaccine Liability When the Office Reopens
As the owner of my own company, a lot of work, research and tension has accompanied our reopening plans. While our team is extremely excited about seeing each other in person, as a business owner, ...
Workers Comp Performed Strongly During Pandemic Even With Premium Plunge
Because of job losses and shrinking payrolls during the pandemic recession, the workers compensation industry's net written premium dropped 10 percent to $42 billion in 2020. However, private ...
How COVID Impacts Insurance in Unforeseen Ways
Having recently marked the one-year anniversary of the COVID-19 pandemic, it seems like an opportune time to consider how the pandemic has impacted the insurance industry. While business interruption ...
Double-Digit Rate Hikes Help Propel W.R. Berkley’s Robust Q1 Results
W.R. Berkley Corp. reported record quarterly underwriting income, double-digit premium growth and healthy rate increases in the first quarter. The commercial lines insurer and reinsurer also saw its ...
Reopening Offices Amid Pandemic Could Leave Companies Exposed—and Other Risk Alerts
Businesses thinking of reopening their office spaces will have to navigate new safety requirements and liability risks. Hurricanes are taking longer to weaken after landfall. Hackers are targeting ...