The Illusion of Protection: Terrorism, War and Workers' Compensation

Topics:
Property
Tags:
Benefits,
Worker,
Terrorism,
Reinsurance,
Payroll Solutions,
Insurance,
Human Resources,
Homeland Security,
Government,
Corporate Insurance,
...
Source:
Wells Publishing

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Overview: The situation faced by the workers compensation line of business is perilous. Employers are required to provide workers comp benefits by law, and for good reason; the system provides the essential replacement income, medical treatment, and rehabilitation services needed by injured workers and their families. Employers are required to insure their ability to pay these benefits through traditional insurance, self-insurance or state funds in some states. The availability of reinsurance coverage for losses from war or terrorism has substantially shrunk, leaving many workers' comp insurers, and state funds either currently, or about to be, uninsured or underinsured.

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Format: HTML | Date: Apr 2002 | Pages: 1

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