Liberty Mutual Backing away from Workers' Compensation

After Fitch Ratings released a report on the substantial increase of Berkshire Hathaway in the workers’ compensation market, another one of the country’s leading insurers in the sector, Liberty Mutual Insurance, has decided to back off, citing increased medical costs and changing state regulations, according to the Boston Globe.  The National Association of Insurance Commissioners ranked Liberty Mutual as No. 4 in the nation for workers’ compensation premiums. Its annual net premiums dropped from $4.2 billion in 2012 to $2.7 billion.  Liberty Mutual, bas...