IN 2004, the workers compensation system appeared to build on its rebound from the depths the market reached between 1999 and 2002. While no figures for the year are yet available, anecdotal evidence suggests that the trends that were evident in 2003- climbing premium volume, lowering loss ratios and a better return on investment-had a good chance of continuing. The outlook is tempered, however, by such factors as medical inflation, lack of progress toward reforms in some states and above all by the uncertain future of the federal Terrorism Risk Insurance Act.
To obtain some perspective on what agents and brokers can expect in the year ahead, I recently contacted the National Council on Compensation Insurance, as well as two insurers and two MGAs active in the workers compensation market. Their assessments follow.
National Council on Compensation Insurance
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
