While the total number of workplace injuries has declined, Travelers found that the costs tied to these injuries have increased. According to Rich Ives (pictured above), senior vice president of business insurance claims at Travelers, three notable workforce trends – higher retirement ages, employee turnover, and extended recovery times – are contributing to rising claim severity.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.