Business Services Industry
Comp market sees signs of firming.(workers' compensation insurance)(Brief Article)(Statistical Data Included)
Business Insurance, April, 2001 by Fletcher, Meg
NASHVILLE, Tenn.-Several factors, particularly an increase in business written in workers compensation residual markets, signal a firming in the workers comp marketplace. ``There is definitely a market tightening,'' especially in the residual market, said Peter Burton, senior division executive-state relations with the Boca Raton, Fla.-based National Council on Compensation Insurance.
His comments were made during a presentation at the recent spring quarterly meeting of the National Assn. of Insurance Commissioners' Workers' Compensation Task Force, held March 24-27 in Nashville. What remains uncertain is the extent to which insurers-which in many states have already increased rates-will try to recoup their higher costs by raising rates further or by...
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