NU Online News Service, Dec. 17,11:58 a.m. EST

Workers’ compensation insurers and reinsurers are operating in a risky environment similar to the one in the late 1990s that “put a number of workers’ comp [insurers and reinsurers] into the grave,” according to a Moody’s Investors Service report.

In its December “Reinsurance Monitor” report, Moody’s referenced comments made by Liberty Mutual CEO Ted Kelly in November, when he described the workers’ comp market as a ticking time bomb.

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