How do Baby Boomers impact the Workers Compensation System

Concerns continue to grow around the workers’ compensation impacts of the baby boomer generation. While the insurance industry has been able to historically handle generational waves as they transition into retirement age, this generation presents a unique blending of risk that is difficult to forecast. The impacts on workers’ compensation are more significant because of the fact that according to a 2014 Gallup Poll, baby boomers are working longer before retiring than any previous generation. One of the standard workers’ compensation review questions for a carrier is: Any employees under 16 or over 60 years of age? Most of...

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