Workers compensation technology is reducing claims frequency

Workers compensation technology - Computer - Business - Statistics

The use of tech within this insurance space is making positive changes to the market, says a new report. Workers compensation technology is proving exceptionally advantageous to the insurance market in terms of positive and sizeable changes, said an expert’s report. The tech is promoting reduced claims frequency, which is sending rates downward. The fewer the claims insurance companies receive, the less they must often charge for coverage. “We think it’s due to insurance companies doing better on the claims of their policyholders by using technology to drive down the…

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R-T Specialty, LLC’s National Environmental and Construction Professional Liability Practice (ECP) Unveils 2019 Market Update

Hamilton, NJ, April 03, 2019 –(PR.com)– RT’s ECP, a leading specialty resource for environmental and construction-related professional liability coverages, has released its 2019 Market Update. This annual recap represents the collective knowledge of the company’s expert specialists and the trends driving change, innovation and growth in this complex niche marketplace. The 2019 Market Update explores specific trends and conditions for environmental and construction-related professional liability coverages in the areas of Contractor’s Pollution Liability (CPL), Pollution Legal Liability (PLL), General Liability/Pollution Legal Liability (GL/PLL), General Liability/Contractor’s Pollution Liability/Professional Liability (GL/CPL/PL), Architects…

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