Report: Economy poses difficulties for workers' comp insurers

12/27/2012 | PropertyCasualty360

Workers' compensation insurers may struggle to achieve profitability in the near term amid increases in accident-year combined ratios and the uncertainty regarding employment and medical claims, according to a Moody's Investors Service report. Although premium increases in 2011 and 2012 helped offset rate inadequacy, "further significant strengthening will be required to improve underwriting margins to earn acceptable operating returns and to offset the impact of sustained low interest rates," Moody's said.

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