In industry news:

A new report from Moody’s says that the outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable. Moody’s notes that insurers’ loss reserves are “moderately redundant in workers’ compensation.” From an overall economic standpoint, news is not so bright. Moody’s predicts that U.S. real GDP growth will peak at 2.9 percent in 2018, declining to 2.3 percent in 2019 and hovering around 2 percent for the next couple of years.

Read more from Insurance Journal here.

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