Industry IQ: Workers' comp state funds gaining market share

Workers' comp state funds now control a quarter of the insured workers' comp market, despite the fact they only write in 25 states, according to a new study by Conning Research and Consulting.

By Staff Writer | Updated on November 04, 2009

Workers’ comp state funds now control a quarter of the insured workers’ comp market, despite the fact they only write in 25 states, according to a new study by Conning Research and Consulting.

The study, “Workers’ Compensation State Funds: Evolution of a Competitive Force,” analyzes the role of state funds and their competitive positioning versus the traditional workers’ compensation marketplace, and alternative forms of workers’ compensation risk financing. The study reviews state funds’ financial and market share results, their effects on the overall market and prospects for future growth.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
Educational webcasts, resources from industry leaders, and informative newsletters.
Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account? Sign In Now

Recommended Stories

Louisiana insurance incentive program receives $62M in funding requests

Steve Hallo | March 24, 2023

The state’s department of insurance reports that nine companies applied for more than $60 million in funding from the program.

Premium diversion scheme nets insurance agent 14-year prison sentence, $8.3M fine

Steve Hallo | March 24, 2023

The agent, who pled guilty to the charges in 2021, kept more than $4.8 million in premium payments for his personal use.

Insurance companies under investigation in Florida for alleged fraud, Governor confirms

Lisa Willis | March 24, 2023

DeSantis says the state's insurance regulation office is investigating reports of people being shortchanged or unlawfully dropped following the filing of their claims.

Resource Center

This report reviews the challenges and opportunities impacting the property/casualty insurance industry, and 12 insurance industry trends in 2023 that will drive the ability to provide a frictionless customer experience.

Report

Sponsored by One Inc

12 Insurance Industry Trends in 2023

This report reviews the challenges and opportunities impacting the property/casualty insurance industry, and 12 insurance industry trends in 2023 that will drive the ability to provide a frictionless customer experience.

Browse More Resources ›

This eBook delves into the value of conversational AI to insurance carriers as part of their digital transformation strategy, and decomposes conversational AI into its key components, types and how to get started.

eBook

Sponsored by Ushur

The Smart Guide to Conversational AI for Insurers

This eBook delves into the value of conversational AI to insurance carriers as part of their digital transformation strategy, and decomposes conversational AI into its key components, types and how to get started.

Browse More Resources ›

Cost, technology or both keep many insurers from capitalizing on the most effective data for policy pricing and claim validation. Download this white paper and learn how arming your company with the right data can help reduce risk, improve service & increase sales.

White Paper

Sponsored by Melissa

Hazard Data Enhancements Reduce Risk & Improve Service

Cost, technology or both keep many insurers from capitalizing on the most effective data for policy pricing and claim validation. Download this white paper and learn how arming your company with the right data can help reduce risk, improve service & increase sales.

Browse More Resources ›

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2023 ALM Global, LLC. All Rights Reserved.