WC Market Deteriorating, Fitch Says
NU Online News Service, Aug. 7, 11:15 a.m. EST?The workers' compensation insurance market continues to face challenges following further deterioration in underwriting performance in 2001, according to a new report by Chicago-based Fitch Ratings.
Despite significant pricing improvements in most states, the workers' comp combined ratio increased to 121 in 2001, from 118 in 2000, representing the sixth-consecutive year of deteriorating underwriting performance.
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