Financial Troubles Weigh On WC Market
The state of the workers' compensation market can be aptly described as highly difficult, with preliminary 2001 results reflecting one of the worst years in the markets history. Much of the bad news is tied to the Sept. 11 terrorist attacks on America.
Clearly, the terrorist attacks had a profound impact on the perceived stability and nature of the workers comp insurance market. For example, prior to last year, large-scale terrorism in America had not been considered a likely event. Workers comp claims were typically single incidents that affected one person or, at most, a small group of people.
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