The impact from the pandemic will be felt into the new year, and combined with falling loss costs, the industry should expect to see a lack of premium adequacy funding for the foreseeable future, Insurity reported. (Credit: Rawpixel.com/Shutterstock.com) The impact from the pandemic will be felt into the new year, and combined with falling loss costs, the industry should expect to see a lack of premium adequacy funding for the foreseeable future, Insurity reported. (Credit: Rawpixel.com/Shutterstock.com)

Pre-pandemic workers' compensation trends of declining loss costs and expense ratio gains were exacerbated by COVID, making the need for better underwriting and portfolio management practices even more pressing as we move into the "next normal," according to Insurity LLC.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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