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Work Comp Helps Drive Premium Growth

Wednesday, January 20, 2016 | 0

National direct written premiums increased 4.5% in the third quarter of 2015 compared to the same period in 2014, with workers' compensation helping drive the growth, according to a new report by A.M. Best. With premiums increasing to $200.2 billion as of Sept. 30, underwriting performance for commercial lines also improved. The combined loss and expense ratio for workers' compensation, general and commercial automobile liabilities fell to 95% from 96.5% for the third quarter in 2014, A.M. Best said. Overall, A.M. Best said property and casualty lines continued to enjoy favorable und...

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