Regulatory reforms of workers’ compensation systems in several large states have driven down losses for insurers and cut premiums for risk managers, while improved loss control and safety initiatives have cut frequency of claims and saved thousands of lives, but threats to insurer profitability loom, according to Robert P. Hartwig, president of the Insurance Information Institute.

Indeed, while the line is enjoying a terrific run, Mr. Hartwig cautioned that not all is well with workers’ comp, warning that costs–and premiums–will eventually rebound thanks to soaring medical costs and demographic challenges, requiring disciplined underwriting and cost management to maintain the line’s profitability.

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