New challenges for the workers’ comp market
- Kevin Combes, Aon’s director of US casualty claims, says the proliferation of bespoke and tech solutions is driving improvements in efficiency in the workers’ comp sector.
- There has been a huge investment in technology, which is positive because the industry gains from all this innovation.
- However, there is a significant amount of talent leaving the workers’ comp industry.
- COVID-19 also brought more challenges to the industry and impacted workers’ compensation.
Ohio town approves workers’ compensation contract
- The Weirton Council in Ohio approved a contract for the city’s workers’ compensation insurance coverage from Assured Partners.
- The committee recommended a contract at a cost of $137,694.
- The council voted 6-0 in favor of the contract with Assured Partners.
- Representatives of Assured Partners were at the meetings and other executives were available by phone.
States must find a balance with workers’ compensation fees
- The Workers Compensation Research Institute said states seeking to adopt or update workers’
compensation fee schedules ought to consider the ramifications of setting fees too low or high. - “The construction of a medical fee schedule in workers’ compensation involves a delicate
balance,” Ramona Tanabe, WCRI’s executive vice president and counsel, said. - Setting rates too low may make treating workers uneconomical for providers and jeopardizes workers’ access to quality care.
- If rates are set too high, savings will be negligible and the fee schedule will not achieve its cost-containment goal.
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Should FIFA pay workers comp for injured workers?
- FIFA, the governing body of international soccer, has refused to commit to compensation for injured workers after repeated calls from Human Rights Watch and other organizations.
- Qatar has been criticized for its track record with human rights and alleged labor abuses ever since being awarded the 2022 World Cup, which will take place later this year.
- These human rights organizations want to establish a comprehensive remediation program worth $440 million.
- 6,500 South Asian migrants have died in Qatar since 2010, with 37 of those deaths linked to the construction of World Cup stadiums, according to the Guadian.