Direct earned premium increased while loss ratios dropped in Minnesota in 2013, according to an annual report from the Minnesota Workers' Compensation Insurers Association.
Premium jumped 8.1% from $861 million in 2012 to $931 million in 2013, according to the report. That marks the fourth straight year of increases and a $224 million gain since 2010.
A larger share of that premium is coming from the assigned risk arena. Assigned risk premium grew 28.8% from $45 million in 2012 to $58 million in 2013 and accounted for 6.2% of all direct earned premium in the state.
Meanwhile, loss ...
Comments