US Department of Labor provides regulatory relief for companies, insurers in vital industries

This new guidance represents a transparent and structured approach that will lower the cost of doing business for industries vital to America’s economic and military dominance while continuing to put injured workers first. It will also improve industry confidence regarding potential liabilities and how to improve their outcomes. Among the factors that are considered are the company’s financial health, experience writing LHWCA policies, and how quickly they pay accepted claims for injured workers.