AM Best: Comp Remains Most Profitable Property/Casualty Line

The workers’ compensation segment continues to outperform every other line of business in the U.S. property/casualty industry, bolstered by ongoing declines in loss frequency and favorable reserve development, according to a market segment report released Thursday by credit rating agency AM Best. Citing a trend that dates from 2015, AM Best said medical severity also remains low, “adding to favorable loss development,” and despite recent reserve releases, the line’s “overall reserve position appears to have improved.” Pricing has dropped slightly in each o...