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"Profitability in workers' compensation is heading downhill rather rapidly," according to Robert P. Hartwig, Ph.D., CPCU, president and economist of the Insurance Information Institute.

The ongoing recession has hit workers' compensation carriers hard, causing nearly a quarter of the market's premiums to evaporate and cutting profitability by as much as half in the past two years, experts in the field reported here.

Fear of wage-and-hour claims is escalating among buyers and sellers of employment practices liability insurance, with sellers' fears limiting EPLI solutions for small employers--and resulting in none at all for the largest ones, market participants report.

While employers and employment practices liability insurers are currently preoccupied with fears over wage-and-hour claims,

Issues surrounding the use of medical marijuana and social media are on a growing list of emerging employment practices liability topics, experts say.

A Rancho Cordova, Calif.-based insurer launched what it calls the first nationally available insurance coverage designed specifically for the medical marijuana industry.

Medical marijuana dispensers and growers can now buy insurance against claims of selling illness inducing product and other risks, a marijuana retailing school and an insurer have announced.

For years, the argument to legalize the use of marijuana has been that if you legalize it, you can regulate it