Workers' Comp Renewals Take A Hike
Poor insurer profits this year and a domino effect from Sept. 11 terrorist attack losses are combining to send the 2002 renewal rates for workers compensation coverage skyrocketing, according to industry professionals.
Brokers and analysts described an ugly situation for many insureds, with increases ranging from more than 10 percent to over 40 percent, along with increasingly stringent contract terms.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
