Workers’ Compensation and Health Care Reform With the U.S. healthcare system undergoing drastic changes, employers must assess how the healthcare reforms will impact their fundamental goal. A factor that was not considered is the impact of healthcare reforms on workers’ compensation. Only 2% of U.S. medical spending was represented in the program, and thus was …
5 Ways A Workers’ Compensation Claim Will Impact Your Business Workers’ compensation insurance safeguards your company and its staff in the event of a work-related injury or illness, yet a claim can still have an impact on earnings due to higher expenses and associated expenses. It pays for the injured employee’s medical bills and health …
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How Does Workers’ Compensation Work Workers’ compensation pays for medical bills and lost wages as a result of work-related injuries and illnesses. Many business owners sign up for workers’ compensation coverage because it is required by law, but they have no idea what it covers or how it operates. When an employee files a claim, …
World Insurance Outlook Post-COVID-19 5 Charts That Show The Economic Recovery And Growth Momentum For Insurance The global economy is slowly recovering from the Covid pandemic. The vast and rapid availability of vaccines worldwide, along with the motivation to bounce back, caused an increased unprecedented fiscal stimulus than predicted in 2020. The current growth momentum …
Insurtechs Are Increasingly Suitable For Insurer Investments And Partnerships A new analysis of 2,000 global insurtechs shows rapid growth, evolving product focus, and a growing crop of innovative opportunities. Over the past decade, the insurance industry experienced a technological revolution. Emerging skills like aerial imaging, artificial intelligence, big data, claims automation, and telematics has become …
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