In industry news:

Moody’s said that the current pricing environment for property/casualty insurers is “modestly positive,” with commercial casualty rates showing smaller changes. Moody’s surveyed insurers expected workers’ compensation rates to fall by 2.0 percent in 2018 after more gradual declines in 2015-17. Moody’s expects the lower rates will cause accident year combined ratios to deteriorate from about 98 in 2017 to 101 in 2019.

Read more via Insurance Journal here.

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