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