ORLANDO, FLA.–Experts assessing the workers' compensation insurance industry said today that the sector is showing continuing improvement, even as worries persist over terrorism and medical costs.
Their comments were made here during the annual Workers' Compensation Educational Conference at a session on market trends. The session was one of seven sessions on national trends put on by The National Underwriter Company as part of its partnership with the Florida Workers' Compensation Institute, which runs the WCEC program, a partnership of the Florida Workers' Compensation Institute and The National Underwriter Company.
Robert Hartwig, senior vice president and chief economist with the Insurance Information Institute in New York, said the workers' comp industry is part of a property-casualty insurance sector “awash in profits” while suffering a premium drought.
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