workers’ compensation News
Fitch Bumps Up Liberty Mutual’s Ratings Outlook
Liberty Mutual Group's ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial ...
Future Workers Compensation Profitability Faces Obstacles
Workers compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in ...
A Nearly 20% Workers Comp Rate Increase Proposed by NCCI in Florida
The Florida Office of Insurance Regulation (OIR) announced July 1 that the National Council on Compensation Insurance (NCCI) filed an amended rate filing to address a third legal change affecting ...
Margin of Loss Reserve Adequacy Down to 2%; Well May Run Dry: Conning
Loss reserves for the U.S. property/casualty industry are still adequate, but the fat was trimmed down to roughly 2 percent of overall carried reserves for year-end 2015, an analyst reported last ...
Predictive Analytics Can Aid Wayward Workers Comp Claims
High complexity claims account for the majority of dollars spent in workers compensation claims. One way to identify high exposure claims early is by using predictive analytics. Using analytics, ...
Commercial Auto Saw ‘Meaningful’ Price Hikes in Q1: Willis Towers Watson
Poor claim results continue to drive "meaningful" price increases for commercial auto, but commercial insurance as a whole barely budged during the 2016 first quarter versus last year. Willis Towers ...
Fla. Supreme Court Finds 104-Week Temporary Disability Benefits Cap Unconstitutional
The Florida Supreme Court has delivered another blow to Florida's workers compensation system with a ruling that the state's statutory 104-week cap on temporary disability benefits is ...
U.S. Commercial Lines Insurance Poised for Decline
The U.S. property/casualty insurance commercial lines sector is poised for a decline in 2016 after a stellar three-year run, with cyclical pressures to blame, Fitch Ratings said in its latest market ...