Rating agency Fitch said underwriting results for the U.S. workers’ compensation market are set to improve during the remainder of the year, reversing several years of poor performance.Fitch is projecting a 105% combined ratio this year. In 2012, the industry aggregate combined ratio improved to 110% from 117% in the prior year. Workers’ compensation is the largest of all U.S. commercial lines, representing 18% of net written premiums last year. Following a long period of declining premium rates, workers’ comp pricing has increased for two consecutive years.Fitch said workers...
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