A New Low for Workers’ Comp

Reports on the improving U.S. property/casualty industry after a poor 2009 continue to emerge. However, the improvement doesn’t apply to the workers’ compensation segment’s underwriting performance, which continues to deteriorate, according to A.M. Best. Net premiums written (NPW) in the workers’ compensation line of business fell for the fourth consecutive year in 2009, declining 11.6% to $36.2 billion from $41.0 billion in 2008.