NU Online News Service, Jan. 23, 3:05 p.m. EST
Standard & Poor's Ratings Services warns that signs are pointing to more unprofitable years for theU.S.workers' compensation insurance market and downgrades could be in the future if there is no improvement.
In its report released today titled "For The U.S. Property & Casualty Industry, Making Workers' Compensation Profitable May Be Mission Impossible," S&P says high unemployment in the United States, a sluggish economic recovery, potential for higher inflation on future claims payments, adverse reserve developments, and a volatile investment environment with historically low-investment yields could add up to many years of unprofitability for the workers' comp industry.
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