TX WC Approaching Point Of No Return

Texas employers are witnessing a workers' compensation system that is in trouble and on the verge of a major crisis according to the Insurance Council of Texas. Insurers say the driving factors are double-digit increases in medical payments and the increasing amount of time injured employees are off from work. The result has been an increasing number of Texas employers questioning whether or not they are going to continue to carry workers' compensation insurance coverage due to rising premiums. The Research and Oversight Council on Workers' Compensation (ROC) reported in a February 2002 re...