Workers' Compensation Insurance: A Market in Crisis
By Richard Poling, Program Director of LIBRIS
According to a June 23, 2003, New York Times article, "Nationwide, the average cost of workers' compensation insurance has risen 50 percent in the last three years." Depending on where you are located, that percentage could actually be far greater, or possibly less. For instance, California is now in a crisis where carriers have continually adopted at least 30 percent annual increases (cumulatively over 100 percent) since before 2000.