Search
 

Workers’ Comp State Legislation Battles to Watch

The lazy, hazy days of summer are about to give way to a frenetic presidential campaign season for the most powerful political position in the world. Lost in all the hype surrounding this national political drama are hundreds of barely watched and little noticed campaigns for legislative seats in statehouses...

By Brian Allen | Updated on August 20, 2012
The lazy, hazy days of summer are about to give way to a frenetic presidential campaign season for the most powerful political position in the world. Lost in all the hype surrounding this national political drama are hundreds of barely watched and little noticed campaigns for legislative seats in statehouses across the U.S.

These campaigns will be waged against a backdrop of a sluggish economy. The latest figures from the U.S. Bureau of Labor Statistics show national unemployment flatlining at around 8 percent. Economic growth, indicated by the Gross Domestic Product and reported by the Bureau of Economic Analysis, is hovering around 2 percent.

The added uncertainty of the global economy, tepid returns in the investment markets and a hardening Workers’ Compensation insurance market are causing business leaders and citizens to look for legislative candidates who have the potential to re-energize their local economies by attracting jobs and lowering the cost of doing business. The men and women battling it out on doorsteps, at local cafés and town meetings will have a lot to say about how improvements should be made in their state’s business climate. These changes include reforms to Workers’ Comp laws that deal with how medical treatment and benefits are delivered to injured workers and the costs that are ultimately passed on to local businesses.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.