Workers’ compensation insurance rates fell by 1% in June, the same decrease seen for property and casualty lines overall, according to a survey by MarketScout, an insurance distribution and underwriting company headquartered in Dallas.
The 1% decrease was less than the 2% drop in property and casualty rates in May, the company said in its Market Barometer report.
Richard Kerr, chief executive officer of MarketScout, described rates as moderating. He said it appears that insurers are tired of cutting rates.
“There are still pockets of very competitive business; however, ...
Comments