According to NCCI, workers’ compensation benefits cost U.S employers billions of dollars annually. Seven states account for 50% of all workers’ compensation spend in the United States – CA, NY, NJ, OK, IL, CT and AK.
Per- and Polyfluoroalkyl Substances (PFAS), once used in everything from dental floss to microwave popcorn bags, are now being recognized as threatening toxic chemicals that pose health risks to populations across the country.
Marijuana, it seems, is everywhere. Nearly a dozen states have approved cannabis for recreational use and more than two-thirds have signed off on medical marijuana. Marijuana’s active chemical components are becoming more widespread, too.
Evolving risks have impacted the daily operations of insurance carriers worldwide and carriers are handling a rising volume of insurance claims, which is taxing human resources and, in many instances, demanding improved industry methodology.