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Analytics Expert Talks About Payroll Misclassification

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Bret Shroyer, a solutions architect for Valen Analytics, estimates that roughly $22 billion of payroll is misclassified each year, and the aggregate impact to the insurance industry is in the range of $1.6 billion in workers' compensation premiums. Premium misclassification or payroll misclassification is a significant issue for the workers' comp industry. Shroyer spoke with Insurance Journal about this issue and how it affects the insurance industry.

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