Demotech’s review of second quarter 2015 data as reported to the NAIC reveals a 5.3 percent increase in direct written premiums in the workers’ compensation line during the first six months of 2015 versus the same period in 2014. According to an Insurance Journal review of the report, workers’ compensation direct written premiums have now increased for five straight years. The growth has been driven mainly by rate increases and other insurer pricing actions in addition to moderate payroll growth. Written premiums at mid-year 2015 of $26.9 billion are at an all-time high and are a significant increase from the mid-year 2010 low of $18.8 billion.
Read more via Insurance Journal here.