Hawaii's Work Comp Market Remains Competitive

Hawaii's Insurance Commissioner Wayne Metcalf said that the state's workers' compensation insurance market remains competitive. "Hawaii's workers' compensation market remains sound. Insurers continue to write business in a competitive environment, and while we are no longer witnessing the double-digit decreases of just a few years ago, insurers in Hawaii are profitable, and there is a market for employers in Hawaii," Metcalf said. Those workers' compensation insurers that have experienced financial difficulties faced problems that were due to events unrelated to the Hawaii market....