Analyst Upbeat On Calif. WC Market Future
NU Online News Service, April 1, 1:28 p.m. EST?The California workers' compensation market, after handing insurers disastrous losses, is now showing encouraging pricing trends that will allow carriers to make money, a securities firm analysis is predicting.
"We believe that upward rate momentum in the market through 2003 will permit carriers to achieve profitable results on new business," said the report by Hank Lauricella, an analyst in the San Francisco office of Cochran, Caronia, Securities LLC.
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