An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers’ compensation insurers to pay at least some COVID-19 claims. Pressure is growing on workers’ compensation …
COVID-19 and the onset of a deep global recession are reshaping every corner of workers’ compensation, from legal issues surrounding coverage to the delivery of care to injured workers. Some of the changes can be anticipated based on prior recessions. …
If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. If not, the industry may be on the verge of an historic catastrophe. A …
While the potential cost of relaxing a tenet of the workers compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it’s more likely to be one-fifth of that, an analyst reported last week. States like Michigan …
As more states take action to ensure workers who contract COVID-19 are eligible for workers’ compensation, employers in Illinois are hoping to block one of the nation’s most expansive emergency rules. The Illinois Technology & Marketing Association (TMA) said in …
Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results for the year. The coronavirus pandemic has …
Workers’ compensation disability claims based on COVID-19 are already rolling in and thousands more are expected. Here are six approaches to handling these claims: Act based on “gut reaction.” It just seems intuitively “right” to cover nurses and doesn’t feel …
When employees work remotely from home or other locations, the normal rules of course and scope can become complicated and confusing. The same is true of subrogation potential. When the employee is injured in their home, subrogation targets tend to …
As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the ramifications to insurers that …
Humanitarianism deals with actively working to improve the happiness and welfare of others. The concepts of humanitarianism and advocacy are actually integral to the workers’ compensation industry, as we’re in the unique position to offer solutions that are truly win-win …