Analyst: Comp on Track for Third Profitable Year in a Row

A.M. Best is projecting a $5.1 billion net underwriting loss for the U.S. property and casualty industry for the first half of 2017, even greater than the $2 billion underwriting loss in the first half of last year. But within property and casualty, the workers’ compensation line is expected to maintain its underwriting profitability this year, according to another ratings firm, Fitch Ratings. That would extend work comp’s profitable streak to a third year in a row, although results are starting to deteriorate, said James Auden, managing director at Fitch. “We think it ...