Workers Comp Audit Stress Reducer
Use It For Your Next Premium Audit

Will Current Federal Stimulus Package Affect Workers Comp?


Current Federal Stimulus Package –  Readers Questions

Will the current Federal stimulus package affect  WC?  Quite a few of our blog and email blog readers have posed this question to me over the last few weeks.  The answer is as complicated as the Stimulus Package itself.

Graphic of Social Media Icon Current Federal Stimulus Package Readers Question

There are a few areas that could influence the Workers Comp and all insurance markets in the coming weeks and months.

The five major areas that could wreck or help the insurance markets are:

  • Continued bailouts of insurance companies
  • Allowing insurance companies to acquire holding companies to receive bailouts
  • Having a Federal Insurance Watchdog Agency – in essence, to federalize the insurance markets along with Workers Compensation
  • The shrinking employer market as the need for Workers Comp coverage will be reduced in proportion to the employers’ reduction in size
  • The increase in claims filed as employees lose their jobs – this is statistically true.
  • Holding insurance carriers to the “too big to fail standards similar to banks.

I will go over these topics over the next week.  If I missed any topics, please let me know.  This blog does very well when I respond to the readers’ questions. More on the stimulus package later this week.

©J&L Risk Management Inc Copyright Notice



James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


Get the latest workers' comp news FREE!

This field is for validation purposes and should be left unchanged.