Insurance Execs Express Caution on Comp Despite Record Profits

The streak of profitability for the workers’ comp insurance line will eventually end, according to insurance company executives, including some who see a potential opportunity when the tide turns. Jack Roche, chief executive officer of The Hanover, said workers’ comp has benefited from the strong economy and declining loss trends, as some loss content has moved permanently out of the system. Roche’s comments came during the Keefe, Bruyette & Woods insurance conference in New York City this month. But Roche said it’s hard to imagine that current loss trends can...