The Los Angeles Unified School District domiciled its captive in Vermont last summer. Now, one year later, the team looks back at what it will take for other large public entities to follow in its successful footsteps.
As the workers’ comp industry evolves, artificial intelligence, automation, and value-based care are transforming claims management—enabling faster, smarter, and more holistic recovery strategies for injured workers.
High-cost health claims jumped 29% in the past year and 61% over four years, with cancer leading the surge and nearly 90% of self-funded employers hit by catastrophic expenses, Sun Life reports.
A slew of factors have been contributing to workplace injury costs and long recovery times for employees since the pandemic, according to Travelers’ 2025 Injury Impact Report.
A five-year partnership between Nationwide Insurance and KINETIC Technology is helping reduce workplace injuries through wearable sensors, with the Mid-Ohio Food Collective serving as a successful implementation case study that demonstrates how smart technology can improve worker safety in physically demanding environments.
AM Best warns that favorable investment environment may discourage necessary rate actions as tort reform changes and social inflation drive claims severity.
Allianz report shows 75% decline in vessel losses over past decade, but warns new challenges from conflicts, cargo theft and alternative fuel transition could offset safety gains.
The workers’ compensation insurance industry posted an 86% combined ratio in 2024—marking its 11th straight year of underwriting gains, according to NCCI’s State of the Line report.
AI is increasingly used by traders to make fast decisions and maximize profits, but the speed of these decisions and the lack of human oversight means that the ripple effects of just a few transactions can quickly amplify and send markets into a tailspin.
As mental health takes center stage in both workplace culture and public policy, the workers’ compensation industry must evolve to meet new challenges in claims management, causation, and care coordination.
Creating truly safe roads requires a comprehensive approach that addresses vehicle technology, transportation policy and the risky behaviors that contribute to these preventable tragedies.