Where does the prospect of increasing health care costs, a faltering economy, a challenging investment environment and a rapidly changing political environment leave decision-makers in the workers' compensation insurance market?
In May, the National Council on Compensation Insurance issued its annual "State of the Line" workers' comp market analysis, reporting that carriers turned in solid overall results in 2007 and that the short-term view for the market is optimistic.
However, the long-term outlook for workers' comp remains cautionary, due to a collection of uncertainties that continue to confront the market.
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