NU Online News Service, Oct. 13, 3:11 p.m. EDT
A number of challenges continued in the workers' compensation segment throughout 2010, causing additional decline in premium volume and deterioration of underwriting results, according to A.M. Best.
While the line has dealt with the issues of competitive pricing, further rate decreases, weak macroeconomic factors, growing medical costs and an uptick in claim frequency into 2011, A.M. Best notes in "Best's Special Report," there is reason for hope. Employment and payrolls have stabilized and premium growth looks to be positive for the first time since 2005.
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.
