Important Industry Trends to Watch in Workers’ Compensation in 2018

Cyber Risks

With average cyber risk costs according to a study by Travelers to be approximately 3.4 million dollars, it’s no wonder cyber security is on everybody’s radar in 2018.

Pain Management

Over 11.5 million people in the United States misused opioid prescription drugs according to the HHS. How can we stop abuse from pill mills and untrustworthy physicians?

Natural Disasters

Natural disasters cost us over 306 billion dollars in 2017 according to a study done by Swiss Re. twice as much as in 2016. How can we plan for something we don’t see coming?

Legislative Ideals

On November 6, 2018 all 435 seats in the United States House of Representatives and 35 of the 100 seats in the United States Senate will be contested. How will this bring change to workers’ compensation?

Medical Marijuana

Medical Marijuana has been approved in 30 states and the District of Columbia as of 2018. Will courts defer to the physician? Which states are next to allow medical marijuana coverage under the workers’ compensation?

Tech in Workers’ Compensation  

With tele-nurse and tele-docs becoming much more popular in the healthcare arena, how will it take form in workers’ compensation? What will be the next greatest invention? How will InsurTech impact workers’ comp in 2018 with the umbrella of companies raising 2.6 billion dollars in 2016.