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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> net premiums written

Workers’ compensation segment facing stiff challenges

Posted by RJ and Makay on Oct 19, 2011

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The U.S. workers’ compensation insurance segment continued to face competitive pricing and continued rate decreases in 2010.  The line also dealt with weak economic factors, growing medical costs and an uptick in claim frequency in 2010, according to A.M. Best. Consequently, premium volume has declined and underwriting results have further deteriorated.