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Stimulus Benefits Seen For P-C Insurers

Workers' compensation will likely be the property-casualty line to benefit most from the economic stimulus package signed into law by President Barack Obama, although it may be quite awhile before

By Phil Gusman | Updated on March 01, 2009

Workers’ compensation will likely be the property-casualty line to benefit most from the economic stimulus package signed into law by President Barack Obama, although it may be quite awhile before insurers see any boost in their premium volume, according to Insurance Information Institute President Robert P. Hartwig.

Indeed, if the administration’s target of 3.5 million jobs created or preserved is realized, that would translate into $1.1 billion in private workers’ comp premiums, Mr. Hartwig predicted during a webinar put on by the Institute and Fireman’s Fund Insurance Company, on “How the Economic Stimulus Plan Will Impact the Property-Casualty Insurance Industry.”

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