Conning Report Predicts 'Significant Deterioration' in Comp Performance

Following a period of record profitability, the workers' compensation industry is at an inflection point in its performance, according to a new study by Conning Inc., a global investment management firm. Workers' compensation premiums have been rising for the past six years, boosted by payroll growth from the expanding economy, Conning’s researchers said. The industry’s loss ratio last year was the lowest since 1995. But the strong results are not likely to continue, as 2016 rate filings indicate a softening market in the face of rising medical costs, Jerry Theodorou, Con...