The Road to Recovery: The Workers Compensation Insurance Industry in the Aftermath of the Great Recession

The Road to Recovery: The Workers Compensation Insurance Industry in the Aftermath of the Great Recession

Dr. Robert P. Hartwig, CPCU
April 11, 2011

National Council on Compensation Insurance: Workers Compensation 2011 Issues Report

Last year in this column—with the nation’s unemployment rate at a painfully high 10%—I bid a hearty “good-bye and good riddance” to 2009 and the Great Recession. A year later—with the unemployment rate having barely budged—it would be easy to dismiss 2010 as another lost year for the American economy and its workers—not to mention workers compensation insurers. But a closer look suggests all is not lost. As it turns out, 2010 was also a bridge—a transition year—to the postcrisis world.

 

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