Managing Workers’ Comp: The Workers’ Comp Perfect Storm

Hang on to your wallets. Employers already are seeing the tip of a very nasty iceberg as the insurance industry feels itself reelin’ and rockin’ on a number of different fronts, all adding up to the “perfect storm.”

Combined ratios for workers compensation are hitting upwards of 112 percent. This means the insurance industry isn’t making any profits on workers’ compensation this year as every dollar coming in is going out at $1.09. This is worse than 2011, when it was $1.02 going out.

Read more at the EHS Today website.