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Fitch: Workers' Comp Market Continues to Harden

By Jim Sams (Senior Editor)

Thursday, July 11, 2013 | 0

Fitch Ratings said Wednesday that after two years of increasing workers' compensation premium rates, there is little sign that the trend of increasing prices will reverse in the near term.Fitch said workers' compensation − the largest segment of all U.S. commercial lines − has been the worst performing commercial line segment for many years. But in 2012, the industry aggregate combined ratio improved to 110% from 117% the prior year. Fitch projects a 105% combined ratio for the workers' comp segment in 2013.Fitch said growing underwriting losses and lower investment yie...

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