Work Comp Pricing Down, Capacity Up in Q2, CIAB Reports

Workers’ compensation insurance rates fell 2.5% in the second quarter, according to the latest report from the Council of Insurance Agents and Brokers. The decrease in premium pricing for workers’ comp was smaller than that seen in the two previous quarters. Rates fell 3.3% in the fourth quarter of 2018 and the first quarter of this year. CIAB’s report on property and casualty insurance pricing is based on surveys of its broker members. Forty percent of respondents reported an increase in capacity for workers’ comp coverage.  “Adjustment to property/...