The nation’s 20 state-run workers compensation funds showed strong growth for the second straight year, according to a new A.M. Best report.
State funds accounted for 44 percent of total net premiums written in 2012, the report says.
Net premiums written increased 7.1 percent in 2011 and 13.5 percent in 2012, reaching $6.9 billion last year--the highest level since 2008. The report says the increases are an outgrowth of a hardening market as the economy returns to a growth mode.
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