The lingering effects of a deep economic recession have had a significant impact on the workers' compensation insurance market over the past many months. In fact, the market today is in a rather precarious position for the first time in several years.
Industry participants are well aware of the headlines and financial reports stating that the property and casualty (P&C) insurance industry has out-performed other sectors of the economy during this economic downturn.
And in most respects, this is certainly true.
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