Medical inflation, an increase in litigation or a dampening of the current “heavily favorable” loss reserve development are a few of the factors that could help tilt workers’ comp’s extended streak of profitability in the other direction, according to a new report from Fitch Ratings.
Spending on technology is another factor that could put a dent into profits, according to Fitch’s U.S. Workers’ Compensation Market Update.
Fitch said the workers’ compensation insurance line ended 2017 with a 92.3% combined ratio — a third straight year o...
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