Premium rates for workers' compensation continued to trend in the negative territory, moving from -1.4% in Q3 2021 to -1.16% in Q4 2021. Workers' comp rates were consistently negative throughout all of this past year, according to IVANS Insurance. (Credit: Maksim Kabakou/stock.adobe.com)
Premium renewal rate changes across all major commercial lines increased during 2021's fourth quarter, according to the IVANS Index.
However, premium rates for workers' compensation continued to trend in the negative territory, moving from -1.4% in Q3 2021 to -1.16% in the year's final quarter. Workers' comp rates were consistently negative throughout all of this past year, according to IVANS Insurance. During 2021 premium renewal rates for workers' comp reached a low in June (-2.06%) and a high in November (0.75%).
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
