A.M. Best: Growth Slowing for State Compensation Funds

State compensation insurance funds in the U.S. saw net written premiums increase for the fifth year in a row in 2015, even as the state funds face continued rate softening and the potential expansion of opt-out arrangements, according to an A.M. Best special report released Friday. Net premiums written for the 18 competitive workers’ compensation state funds in the U.S. grew 2.4% on average to $8.6 billion in 2015, the highest level since 2006, A.M. Best reported. But the growth was less than that in the previous four years. Net premiums written by the state funds increased 6.9% in ...