Today’s issue of WorkCompRecap features some interesting research news with the release of a new report from A.M. Best on profitability and results for the Workers’ Comp Line. According to A.M. Best, 2011 provided a bit of a break for Comp as employment and payrolls stabilized and overall net premiums written (NPW) increased by 10%, outpacing other commercial lines.
A.M. Best does however expect future challenges to profitability despite a more favorable pricing environment, due to an increasingly competitive operating environment and the cumulative effects of rate increases. Best also pointed out that even though NPW rose 10%, it remains almost 24% lower than its 2005 peak.
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