Insurance Networking News - The workers’ comp industry hasn’t had a profitable underwriting year since 2006, according to Conning Research & Consulting. And while the economic recovery and rate increases will boost premiums, Conning expects—just as in recent years—rising medical costs and the increased utilization of drugs to re-introduce the threat of inflation in loss costs and reduce profitability even further. The firm’s recent report, “Workers’ Compensation: A Bumpy Road from Recession to Recovery,” indicates that the line has been affected by falling investment yields, creating headwinds against overall profitability. - Go To Story
Sunday, April 29, 2012
 
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