Jon Gelman, an attorney and author, penned this article on the potential bailout needed for the Worker’s Compensation system.

Gelman explains, “During The Great Depression the US workers’ compensation system had an additional unique challenge confronting it… The insurance industry rushed to the rescue by advocating that silicosis claims challenging the industry along with and other occupational diseases be brought within the umbrella of the workers’ compensation system.”

“Activity soared within the workers’ compensation arena. Asbestos claims and other toxic tort claims continued the spiral. When workers’ compensation was unable to fully compensate the victims, the activity switched to the liability arena and claims proliferated and activity soared. Insurance exhaustion, corporate bankruptcy, an aging workforce, lack of manufacturing in the US and Federal Multi-District litigation. soon lead to a decline litigation activity.”