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2017 in Review: Beleaguered Comp Carriers Struggle With Reserves

By Elaine Goodman (medical/business Reporter)

Thursday, December 28, 2017 | 1256 | 0 | 0 min read

Even though the workers’ comp industry is on track for a third consecutive profitable year — with one recent projection placing the 2017 combined ratio at 97% — a few comp carriers have struggled. Robert Hartwig Multi-line carriers American International Group, or AIG, and AmTrust Financial Services reported multi-million-dollar losses in some quarters this year, leading to concern from rating companies. And the 2nd Judicial Circuit Court for Leon County, Florida, last month ordered monoline comp carrier Guarantee Insurance Co. into liquidation. The struggles at ea...

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