Posts Tagged ‘brokers workers compensation’

Workers Compensation Premiums Increasing According to NCCI’s 2012 Annual Symposium

Here are some important highlights for brokers regarding premiums from the 2012 NCCI symposium: Despite investment returns not generating sufficient operating returns, the premium growth is a positive sign of an improving economy and that the industry remains well capitalized for the years ahead. Residual markets in the first quarter of 2012 saw a 47% premium […]

Workers Compensation Insurance Leading Hard Market

A recent survey leads The Council of Insurance Agents & Brokers to declare that the commercial property and casualty market has hardened. “We’ve been cautious up to now about declaring a market turn, but I think it’s reasonable to say that the market has made a hard turn after two quarters of price increases and […]

Workers’ Compensation Had Greatest Rate Increase in April at 4%

MarketScout, the Dallas-based electronic insurance exchange, reported the largest rate increase in April was for workers’ compensation at 4%, while general liability rates rose 3%. This seems to be in line with the ongoing trend. It would be hard to see rates not increasing when insurance companies are reporting no investment income, as well as […]

NCCI New Report Focus on Workers Comp Challenges for 2012, Including Rise In Claims Frequency, Premiums

The NCCI released its Workers Compensation Issues Report May 3, 2012, outlining the challenges that the Workers Compensation market continues to face. What particularly stands out in the report is the increase in injury claims frequency in 2010 for the first time in 13 years. After adjusting the data for certain distortions, which initially showed […]

Workers’ Compensation Market Remains Volatile While States and Insurers Seek Answers

Conning Research and Consulting says in its “Workers’ Compensation: A Bumpy Road from Recession to Recovery” that with the current investment environment working against workers’ compensation insurers, companies may be pressured into a harder market as they try to achieve underwriting profits in a line that has not had a combined ratio under 100 since […]