Comp Profitability Helps Maintain 'Stable' Outlook for Commercial Lines

A.M. Best is maintaining a stable outlook for the commercial lines segment of the U.S. property and casualty insurance industry for 2019, in part due to continued profitability of workers’ compensation, the segment’s largest line of business. Workers’ comp has generated “generally favorable earnings” in the first three quarters of 2018, A.M. Best analysts noted in a new market segment report. Rate decreases have not yet had an adverse impact on the workers’ comp loss ratio, analysts said, and payroll increases due to the strong economy have helped offset t...