A.M. Best: Turmoil for WC Insurers to Linger into 2010

A.M. Best issued a special report Tuesday stating that challenging market conditions and a financial crisis that drove down profitability for U.S. workers' compensation insurers in 2008 will linger through 2009 and well into 2010.Meanwhile, changing regulatory issues and reforms are continuing to affect workers' comp, bringing turmoil in terms of pricing, competition, loss costs, frequency, severity and profitability, the ratings house said.The special report — called "Workers' Compensation - How Bad will it Get?" — also states:A.M. Best’s workers’ compensat...