Economists Eye Impact of COVID-19 on WC Insurance Line
Bacon Raton, FL (WorkersCompensation.com) – Workers’ compensation carriers may face some tough times ahead due to pandemic-related challenges. A new report points to several expected economic changes in 2021 that may affect the line’s profitability:
Employment shifts from small to large businesses, which may reduce workers compensation premium via self-insurance and use of large deductibles.
Increasing digitization and automation, which may also mean lower employee ...
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