MarketScout: Workers' Comp Softest of the Soft

Workers' compensation continued to be the softest line in a soft property and casualty market in October, according to data compiled by MarketScout. MarketScout said that workers' compensation rates are down 9% on a composite basis for all property and casualty coverages placed in the United States. "As predicted, the absence of hurricane activity has extended the soft market," said Richard Kerr, founder and chief executive officer of MarketScout. "Rates in the energy sector, including offshore exposures, are stabilizing. Coastal property is still tough, but rate increases are easing. It...