The Workers' Compensation Crisis: Addressing the Real Problem

For seven years workers compensation insurance has been in a state of crisis, with combined ratios averaging nearly 120%, a residual market share that has grown form less than 10% to 24% of the total market, and a number of state systems teetering on the verge of catastrophe. Only adequate rates, workers compensation system reforms resulting in cost reductions, or a combination of both will restore this system. Loss Adjustment Expenses