NU Online News Service, Oct. 4, 12:46 p.m. EDT
Reports from the National Council on Compensation Insurance showing that workers' comp claim frequency in 2010 increased for the first time since 1997 is credit-negative for property and casualty insurers, says Moody's, but it's too early to know if the increase is a cyclical tendency or reversal of the long-term trend.
In its Weekly Credit Outlook, Moody's says its rated companies are diversified across many lines of business, but for some companies "workers' compensation represents a sizeable percentage [greater than 10 percent] of their total premium revenue and they will therefore be more affected than others by the rise in frequency."
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