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Mental Injuries- Part 3: Implications for Disability Insurers and Workers’ Compensation

Workers' Compensation Perspectives

The apparent rise in mental disability claims is a significant issue for disability insurers and workers’ compensation systems. The observed rise in workers’ compensation claims for mental injury must be interpreted in context. Here is a brief recap of our discussion so far.

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Mental Injuries: Workers' Compensation and Disability Insurance Part 2

Workers' Compensation Perspectives

On the disability insurance side, this shift has meant changes to policies and procedures. While not everyone has access to disability plans, insured parties want clarity of the coverage; insurers need clear procedures to approve coverage. The toughen-up attitude still exists.

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Implementing AI for Workers’ Compensation Law Firms and Insurance Companies

Workers' Compensation

The automation process will free up attorneys and insurance adjusters to focus on the more complex issues of cases. This information can be used to improve risk management and prevent future claims. RISK PREVENTION An insurance company could use AI to identify workers’ compensation claims data patterns.

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AI and Workers' Comp - Summary of ARPA presentation

Workers' Compensation Perspectives

AI will not change the functions of any disability insurance or workers’ compensation systems. AI enables organizational functions and changes how others outside the structure use, analyze and react to information and decisions. Workers’ compensation or disability insurance are not islands.

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Temporary Total Disability for Work injury: What will Workers’ Compensation pay?

Workers' Compensation Perspectives

The policy alternatives used by other jurisdictions can also inform discussions on workers’ compensation reforms. Virtually all workers’ compensation claims involving time away from work are subject to specific provisions for the initial phase of a claim. All workers’ compensation systems pay the same rate for lost wages…right?

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Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

To forestall this eventuality, the majority of North American workers’ compensation jurisdictions adjust periodic payments (sometimes called workers’ compensation pensions or permanent disability payments) to account for increases in the cost of living. per cent beginning on January 1.

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Can a worker claim workers’ compensation for COVID-19 exposure, illness or quarantine?

Workers' Compensation Perspectives

Scheduled occupational disease provisions or statements in policy may allow the presumption of work-relatedness in the absence of information to the contrary without need for detailed investigation in every single instance. Whether COVID-19 or a future virus spawns a pandemic, your preparation will be worth it.