Premium volume has been on a multi-year upward trend in Minnesota while rates are decreasing, according to the Minnesota Workers' Compensation Insurers Association.
Workers' compensation premium volume rose 6% in the state in 2013, compared with a 5% decrease across the country, according to the association's 2015 "State of the Market" report. From 2010 to 2013, premium volume in the state rose 31.7% from $707 million to $931 million.
A growing percentage of the market has also been written in the assigned risk arena, with the residual market growing from $32 million in...
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