Top 5 Ways COVID Changed the Economics of Workers Compensation—For Better or Worse
Robert P. Hartwig, PhD, CPCU |
Clinical Associate Professor of Finance, Darla Moore School of Business, University of South Carolina
Join Bob on this high-speed journey through the ongoing effects of the pandemic, the resulting inflationary pressures, the ensuing labor shortage, and the lasting effects on our workers compensation system.
- Despite many analogies, today’s economy and operating environment for insurers couldn’t be more different from the late 1970s to early 1980s.
- The “R” word: Recession is increasingly likely, but still avoidable.
- Extreme volatility in the investment environment is both an opportunity and a concern for insurers, especially in long-tail lines such as workers compensation.
- The economic reverberations from COVID will last years beyond the end of the pandemic itself.
Top 5 Ways COVID Changed the Economics of Workers Compensation—For Better or Worse Video