While the total number of workplace injuries has declined, Travelers found that the costs tied to these injuries have increased. According to Rich Ives (pictured above), senior vice president of business insurance claims at Travelers, three notable workforce trends – higher retirement ages, employee turnover, and extended recovery times – are contributing to rising claim severity.
Workplace injury costs climb despite decline in claims – Travelers
- Niki Wilson
Recent Company News
- E-Claim.com Successful Second Round in the Edward Lowe Foundation’s SIG Program
- E-Claim.com Welcomes Lozano Insurance Adjusters: A New Era of Claims Management with ClickClaims
- ClickClaims Recognized as One of the Top Insurtech Companies – Global 5-Star Technology and Software Providers for 2023 by Insurance Business America
- Heartwarming Acts of Kindness Multiply: E-Claim Employee Efforts Result in $9,000 for Smile Train!
- 2021 Louisiana Growth Leaders: Spotlight on E-Claim | Louisiana Economic Development
Recent Blog Posts
- Florida Carriers: Are You Meeting SB-76 Reporting Requirements?
- Thomas Brown, Founder & CEO of E-Claim.com Featured LIVE on Tea Time with Tech Founders Podcast
- Maximizing Every Minute: The Real Game-Changer in Life and Work
- ClickClaims and the Future of AI
- Fighting Fraud from the AIr and in the Courts
Recent Industry News
- Homeowners Suing AAA Insurers and USAA over LA Wildfires
- Pega CEO: Rethinking AI, Workflows, and the Value of Persistence
- Allstate urges preparedness as hurricane season begins
- Missouri considers home insurance tax break for storm damage
- Cambridge Mobile Telematics Unveils AI Enhancements to Safety Tools