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Comp Carriers Must Be Leaner In 'Shrunken New Normal' Economy

When the U.S. recession finally ends, workers' compensation systems will have to function in a "shrunken new normal" economy requiring cost cuts, one leading industry figure warned.

By Daniel Hays | Updated on January 24, 2010

When the U.S. recession finally ends, workers’ compensation systems will have to function in a “shrunken new normal” economy requiring cost cuts, one leading industry figure warned.

Richard Victor, executive director of the Workers’ Compensation Research Institute, delivered that prognosis at the opening of the Boston-based WCRI’s annual conference, which was telecast to 350 attendees at cities across the country.

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