Businesses, labor, the medical community and trial attorneys are the main parties that typically participate in workers' compensation reforms and each should have input on any potential reforms. Credit: Andrey_Popov/Shutterstock.com
This year marks a significant year in the election cycle, with a presidential election and several gubernatorial elections taking place. One of the issues in consideration for some states includes reforms to their workers' compensation system.
With insurance regulated at the state level, gubernatorial elections tend to bear more significance for the workers' compensation industry. Governors have significant influence over state policy, often including appointing insurance regulators, so we should all keep a close eye on these election outcomes.
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