Workers Compensation ... Passing Through the Eye of Change

Content Summary

Just like being in the eye of a storm, the workers’ compensation industry is in the eye of change which has accelerated
due to the financial crisis, the “Great Recession” and continued increasing costs. The “Great Recession” has changed
workforce demographics, government involvement, regional unemployment, industries, and medical reform.
Prior to the crisis and recession, the relative calm lulled the industry into
complacency. The crisis will have long-term consequences for
companies unprepared for the changes. Just like the eye of a storm, the
eye of change is passing over the workers’ compensation industry …
changing the landscape forever.

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