Association Sees 'Notably Robust' Market in Minnesota

Workers’ compensation premiums continue to grow in Minnesota and loss ratios have improved substantially in the last five years, contributing to what the Minnesota Workers’ Compensation Insurance Association is calling a “notably robust” market. Direct earned premiums have grown 45% since 2010, reaching $1.049 billion in 2015, according to an MWCIA newsletter and report. The Minnesota trend mirrors a nationwide trend of premium growth. Seven carriers have remained among the top 10 workers’ comp writers in Minnesota for the past five years. SFM Insurance Gro...