ORLANDO, FLA.--The workers' compensation insurance market may be encouraged by declining claims frequency and legal reforms, but rising medical costs and a down economy are cause for concern, an expert told an industry conference here.
Neal S. Wolin, president and chief operating officer of The Hartford's property-casualty operations, gave that assessment during a keynote speech at the Workers' Compensation Educational Conference (WCEC), run by the Florida Workers' Compensation Institute.
Mr. Wolin said the impact of risk management efforts by insurers and companies that have led to frequency declines may be nearing the point of exhaustion.
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