Every industry has been affected by today's economic trends, but the workers' compensation industry has been hit from all directions.
The economic downturn has driven higher unemployment rates. This, along with escalating medical and pharmaceutical costs, an aging workforce, increasing obesity, and Medicare regulations, has caused a significant rise in workers' comp claim costs.
Lower investment yields mean underwriting results will have to improve for carriers to maintain profitability.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
