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Newly released annual stat filings on reserve data show some troubling trends. -
The industry continues to take reserve addition medicine in smaller doses than recommended.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
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Profitability over growth continues to be the company’s “mantra”.
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The bill was introduced shortly after a similar bill failed in Mississippi.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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The move will expand Nationwide’s stop loss insurance sales to SMEs.
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NCCI’s WCWMI posted 2.3% growth last year, below 2023’s 2.9%.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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Trends leading into 2025 may indicate workers’ comp releases have peaked.
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Executives have said that the carrier’s conservative reinsurance program made losses sustainable.
