Total premiums in the U.S. workers’ compensation insurance market dipped slightly in 2024 accompanied by a general increase in loss ratios among the leading insurers, according to the National Association of Insurance Commissioners (NAIC).
Total direct premiums written in the market went from $58.27 billion in 2023 to $57.48 billion in 2024, the data showed, reflecting a softening market despite continued economic activity.
Meanwhile, serious injuries and fatalities (SIFs) are happening less in the workplace.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
