Best’s Briefing: Paid Family Leave Offers New Growth Opportunities for Insurers
The Best’s Briefing, “Paid Family Leave Offers New Growth Opportunities for Insurers,” notes that PFL programs supplement a state’s existing statutory disability insurance; however, the coverage does not replace existing disability benefits coverage.
The handful of insurers currently offering the product typically finds that the risk of significant capital strain is minimal, owing to the regulated structure and pricing of PFL. In New York’s case,
Employers in states that have PFL report an increase in productivity, profitability and overall employee morale.
As more information on experience emerges and as other states push for enactment,
To access the full copy of this briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=279327.
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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