MWCIA's Annual Report Touts Robust Comp Market

Minnesota’s rate-maker released an annual report Thursday that portrays a robust workers’ compensation insurance market, with rising earned premium despite eight rate decreases in the past 10 years. The Minnesota Workers’ Compensation Insurance Association said average pure premium level decreased by 12.1% in the past decade. Total earned premium, however, increased four years in a row and reached $1.05 billion in 2015. The state’s assigned risk market had remained stable, according to the report, declining to 5.9% in 2015 from 6.2% in 2014.  Lost-time claim fre...