Although dogged by high medical costs, this year's outlook for workers' compensation insurers is a good one, but there will be some deterioration in loss ratio, a rating firm said yesterday.
Standard & Poor's Ratings Services, in a report which ranked and rated the top 20 comp writers, said the ratings impact for comp insurers is expected to be neutral on the whole.
Underwriting results for 2005, S&P said, are expected to be strong based on nine-month figures and will continue to be strong through 2006, driven by the reduction of loss trends resulting from multiple state reforms implemented over the past few years and by improving claims frequency.
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