Fitch: Workers' Comp Losses Expected Next Year After Period of Profit

After many years of losses, underwriting performance for the workers’ compensation line generated a significant profit in the U.S. in 2015, according to a new report from Fitch Ratings. Competition is heating up, however, and Fitch expects a return to an underwriting loss by 2017 in the workers’ compensation line. Fitch Managing Director Jim Auden said the workers’ comp insurance market saw a sharp turnaround in the last few years due to premium increases, stable loss cost trends and improved loss reserve experience. But this performance will likely be unsustainable as ...