Today’s issue of WorkCompRecap features a couple of industry reports, starting with a new report from Fitch that found that following a long period of declining premium rates, workers’ comp pricing has increased for two consecutive years, with little sign that pricing trends will reverse in the near term, and should contribute to robust revenue growth.
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Also in the news today is AM Best, who recently released a special report on State Workers’ Comp funds, who reported a second year of increased net premiums written (NPW) in 2012, buoyed in part by a hardening market, improved economic activity and the likelihood of increased demand for residual market business.
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