Frenzied Competition May Spark 'Irrational' Pricing, Some Predict

As the workers’ comp insurance line marks its third straight year of profitability, increasingly intense competition may begin to spark “irrational” pricing, an insurance company CEO said. A.M. Best has estimated a workers’ comp combined ratio of 95.1% for 2017, and the National Council on Compensation Insurance is expected to soon release details on the line’s performance for last year, noted Janelle Frost, president and chief executive officer of Amerisafe, a monoline workers’ comp carrier. Frost said she’s already seen some signs of irrational...