Workers' Compensation insurers are benefitting from the continued growth in private-sector hiring and payroll over the past few years, but there is concern about a few dark clouds of economic uncertainty looming on the horizon.
Many attendees at the recent Workers' Compensation Educational Conference in Orlando were of two minds when it came to the prospects for growth in premiums and profits in 2013, both in terms of the P&C insurance market in general and the Workers' Comp market in particular.
I found general agreement that while the economic recovery appears to be losing steam, millions have returned to work since the financial crisis at the end of 2008 decimated the job market. That means many more insurable exposures for comp carriers, as well as more premiums written.
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