workers’ compensation News
Workers Comp Underwriting Profit Possible as Trends, Reserve Quality Improve: Fitch
Traditionally one of the most challenging underwriting segments in the U.S. commercial lines insurance market, workers compensation has experienced a meaningful turnaround in performance from large ...
Getting Well Soon: The Next Trillion-Dollar Industry for P/C Insurers?
Sleeping on the job has never been a fast track to success, but sleeping on the way to the job may lead to an early and unscheduled retirement. More than 1 in 5 fatal car accidents in the United ...
Fitch: Berkshire Hathaway’s Commercial Insurance Success Threatens Smaller Rivals
Berkshire Hathaway's expansion into the U.S. commercial lines market in recent years has been immensely successful for the company, giving it the ability to crowd out smaller rivals, Fitch Ratings ...
Insurance Outsourcer Patriot National Acquires InsureLinx
Patriot National Inc., a national provider of outsourcing solutions to the insurance industry, has acquired Fla.-based InsureLinx, a provider of technology services for workers compensation ...
WCRI: Michigan WC Costs Per Claim a Major Bargain
Workers' compensation costs per claim in Michigan were lower than that of the typical state, according to a recent study by Massachusetts-based Workers Compensation Research Institute, with average ...
Workers Comp Insurers Post First Underwriting Profit Since 2006
U.S. workers compensation insurers, a group led by Travelers Cos. and Hartford Financial Services Group Inc., posted their first underwriting profit since 2006, helping the industry counter lower ...
NCCI Sees Workers Comp ‘Turbulence’ Ahead After Solid 2014
The workers' compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency ...
Proactively Identifying and Managing Back Claims May Reduce Costs by 33%
A combination of sophisticated predictive analytics and early, expert medical assessment can significantly reduce the cost and duration of workers compensation back claims, according to new research ...