MarketScout: Workers' Comp Premiums Down 1% in October

Workers' compensation premium rates were down 1% in October, according to MarketScout. Property and casualty rates decreased by 2% overall in October, the underwriting company said in its monthly market barometer report. Rates had decreased by 1% from June to September. Property and casualty rates decreased the most (by 2%) in the contracting and service sectors, and increased the most (by 3%) in the transportation sector. MarketScout has documented declines in workers' compensation rates throughout the year. The most significant decreases came earlier in the year, with ra...