A.M. Best: Falling Rates Cast Shadow on Strong Performance

Despite seeing rate decreases in each quarter of 2015, the workers’ compensation insurance industry experienced solid underwriting results last year, with a combined ratio that improved 5.5 points to 96.0, according to a report released Tuesday by A.M. Best. Workers’ comp net premiums written in 2015 grew 2.9%, to $48.2 billion, as compared to a 1.1% growth for commercial lines overall, A.M. Best said. Net premiums written have been growing each year since 2011, and last year were close to the 10-year high of $49.7 billion in 2006. And 2015 was the fourth year in a row that the w...