Liberty Mutual Workers' Compensation
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Liberty Mutual Webinar Explores the Workers Compensation Implications of an Aging Workforce
* Reuters is not responsible for the content in this press release.
Wed Aug 24, 2011 1:03pm EDT
Liberty Mutual Webinar Explores the Workers Compensation Implications of an Aging Workforce
To help workers compensation buyers, brokers and agents better control the cost of claims from older employees, Liberty Mutual developed the “When I’m 64: Health and Safety issues of the Aging Worker” webinar.
Uncontrollable demographic trends result in an older workforce. Between 2005 and 2010, the number of employees in the U. S. aged 55 to 64 increased 52 percent, according to data on labor-force participation from the U. S. Current Population Survey available from the Bureau of Labor Statistics.
With employee maturity comes a new set of risks, making it critical for insurance buyers and their representatives to understand how to help keep these workers safe and - when accidents happen - effectively manage their workers compensation claims.
The new 45-minute webinar is available at libertymutualgroup. com agingworkforce
“While older workers generally have fewer workplace injuries, they are often more costly to treat and tend to be away from work almost twice as long as their younger co-workers,” notes Dr. David Deitz, Liberty Mutual’s National Medical Director. “By understanding the aging process and its impact on workers compensation claims, brokers, agents and employers can help better protect employees and control the cost of workplace injuries. ”
During the first part of the webinar, Dr. Glenn Pransky, who heads the Center for Disability Research at the Liberty Mutual Research Institute for Safety, reviews the trends leading to an older workforce and the impact of aging on work performance.
In the second half, Dr. Deitz uses case studies to illustrate some of the common challenges employers face in managing workers compensation claims involving older workers.
Some of the webinar’s highlights include:
The work-related implications of aging. While aging can spark a 5 percent to 15 percent change in a healthy individual’s peak work function, the actual impact on job performance can be minimal, given older workers’ experience, skills, motivation and other factors The three broad categories of older employees that emerged from a study of 1,540 older workers and their work-related injuries Ways to identify and reduce the risk of injury in each of these groups by tailoring jobs to older workers, matching workers to job demands, modifying jobs and workplaces, and encouraging wellness The effects of aging on workers compensation claims management, including the growth of pre-existing, age-related medical conditions that can make it harder to treat work-related injuries About Liberty Mutual Group
“Helping people live safer, more secure lives” since 1912, Boston-based Liberty Mutual Group is a diversified global insurer and the third largest property and casualty insurer in the U. S. based on A. M. Best Company’s report of 2010 net written premium. The Group also ranks 82nd on the Fortune 100 list of largest corporations in the U. S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual Group had $112. 4 billion in consolidated assets, $95. 4 billion in consolidated liabilities, and $33. 2 billion in annual consolidated revenue.
Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Group ( libertymutualgroup. com) employs over 45,000 people in more than 900 offices throughout the world. Liberty Mutual Group
Rich Angevine, 617-574-6638
richard. angevine@libertymutual. com
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