Of more immediate concern, according to Fitch Ratings, is growing pressure from medical inflation, which had been relatively tame during 2022. For the past 12 months (ending Nov. 30, 2022), the medical consumer price index (CPI) was up 4.2%, compared with 1.7% during the same period in the previous year. (Credit: Rawpixel.com/Shutterstock.com) Of more immediate concern, according to Fitch Ratings, is growing pressure from medical inflation, which had been relatively tame during 2022. For the past 12 months (ending Nov. 30, 2022), the medical consumer price index (CPI) was up 4.2%, compared with 1.7% during the same period in the previous year. (Credit: Rawpixel.com/Shutterstock.com)

Heightened focus on risk management and workplace safety have led to long-term improvements in claims frequency for workers' comp, but unfavorable pricing trends, a competitive market and other pressures have the potential to reverse this trend, according to Fitch Ratings, Inc., which reported this could result in underwriting results fall back to a break-even point.

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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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