Workers' Comp

The Council's Ken A. Crerar on the arrival of the hard market, I.I.I's Bob Hartwig on the industry's March employment figures, and more.

Section 111 data can help Medicare to evaluate the MSP compliance of beneficiaries, insurers, self-insureds and other participants, as well as to establish compliance procedures and sound risk-management practices that maximize Medicares recovery while minimizing the effect on the community involved.

Workers compensation combined ratios remained unsustainably high in 2011, and investment returns were not high enough to generate sufficient operating returns, but premium growth in this line indicates that the worst of the recession has passed, and the industry remains well capitalized for the future, according to NCCI.

State Auto Financial Corp. reports a net loss of $2 million for the first quarter of this year as the combination of underwriting loss and increased expense weighed on results.

An informal poll of Manufacturing insurance pros reveals the top risk concerns of insureds, and just how intertwined the exposures in this market can be.

While Workers Comp, Product Recall and Supply Chain Management remain the greatest coverage concerns for manufacturers, Cyber Liability is also becoming a top-of-mind issue, producers say.