Hartwig: U.S. Insurers Should Look at New Workers Compensation Growth

Robert Hartwig, President of the Insurance Industry Institute (I.I.I.) weighs in with great news for workers' compensation brokers.

Energy, natural resources, agriculture, health care, and transportation and infrastructure are at the beginning stages as the country’s newest growth engines, Hartwig says.

“And many insurers would find that they are underexposed to these sectors,” Hartwig says.

The largest growth area may be due to the age demographics of the country. Due to insufficient returns, insurers may have shunned from writing workers’ compensation in the health care industry, for example, but continuing to do so is “removing yourself from the largest growth area in the next 10-20 years,” Hartwig predicts.  See article by PropertyCasualty360.com here.

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