The Market

The Market

Texas Injury Benefit Market Fast Facts

  • Most important company asset = Workers
  • Workers Covered:  1.3M workers covered by TX injury benefit plans
    • More than 22 state workers’ comp systems cover fewer workers than TX injury benefit plans
    • 94% of TX workers covered by workers’ comp or injury benefit plans (comparable to other states)
  • Employer negligence liability exposure supports:
    • Job training and safety
    • Employee advocacy
    • Voluntary payment of injury benefits
    • Focus on better medical outcomes and return to work
  • Substantial Claim Volume:  50K injury claims successfully resolved annually with “full & fair review” under well-established employee benefit laws
    • Over one million Texas injury claims successfully resolved
    • Provided injured workers with outstanding medical outcomes and continued paychecks
  • Large Settlements & Judgments:  Over 100 injury program settlements & judgments of $1M or more (highest $22M)
  • Significant Insurance Market:  12+ leading national insurers and claim payers supporting Texas injury benefit programs
    • More than $1 billion in direct written premiums over the past decade.
  • Economic Development:  Texas Governors and agency heads say this competitive market has contributed to Texas adding almost 2M private-sector jobs in the last decade
    • Returned workers to their families and jobs fast
    • Generated billions of dollars in cost savings and economic development for Texas
    • Approximately 1,000 Texas employees currently work in the private sector on nonsubscriber injury program development, administration and insurance
    • Helped make Texas the best place to do business and raise a family
    • Minimal state regulatory expense
  • Studies and reports at https://arawc.org/fast_facts/