article thumbnail

Implementing AI for Workers’ Compensation Law Firms and Insurance Companies

Workers' Compensation

A law firm could utilize a machine learning model to classify claims into different categories, such as slip and fall, car accident, product liability, Social Security Disability Insurance, or Multi-District Litigation [MDL]. These issues should not deter the advance of innovative AI in the workers’ compensation process.

article thumbnail

Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

To forestall this eventuality, the majority of North American workers’ compensation jurisdictions adjust periodic payments (sometimes called workers’ compensation pensions or permanent disability payments) to account for increases in the cost of living. per cent beginning on January 1.