NU Online News Service, Oct. 13, 3:11 p.m. EDT
A number of challenges continued in the workers' compensation segment throughout 2010, causing additional decline in premium volume and deterioration of underwriting results, according to A.M. Best.
While the line has dealt with the issues of competitive pricing, further rate decreases, weak macroeconomic factors, growing medical costs and an uptick in claim frequency into 2011, A.M. Best notes in "Best's Special Report," there is reason for hope. Employment and payrolls have stabilized and premium growth looks to be positive for the first time since 2005.
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