White Paper

Careful Planning Can Blunt Nature’s Impact on Workers’ Compensation

In just the past few years, natural disasters have generated startling headlines and produced enormous challenges for many, including for workers’ compensation systems.

White Paper Summary

 In 2017, colossal hurricanes lashed the coasts of Florida, Puerto Rico, and Texas before scraping across enormous inland areas. The following year, in fall 2018, the deadliest U.S. wildfire in a century, swept across Northern California, leveling an area the size of Chicago. And in 2019, a patchwork
of Midwestern levies has strained and sometimes failed to hold back rivers swollen by snowmelt and copious rain. If the assaults seem more intense these days, that’s because they often are. More than ever, proper disaster planning is necessary to ensure the workers’ comp system is able to rebound from catastrophe.

In dollars — an admittedly inadequate yardstick relative to the human toll involved — many of the most recent disasters have been among the worst recorded. The eight years with the most billion-dollar disasters in the U.S. all occurred in the past decade, according to the National Oceanographic and Atmospheric Administration (NOAA).

 

 

To read more white papers from Coventry, please click here.
Coventry, a part of the Mitchell | Genex | Coventry organization, offers workers’ compensation, auto, and disability care-management and cost-containment solutions for employers, insurance carriers, and third-party administrators. With roots in both clinical and network services, Coventry leverages more than 40 years of industry experience, claims knowledge, and data analytics expertise. Apricus is the combination of two industry-leading specialty networks offering durable medical equipment, diagnostic imaging, physical medicine, home health, transportation and translation and more for the casualty insurance market.

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The R&I Editorial Team can be reached at [email protected]