In research news:

Preliminary data from NCCI has revealed that workers’ comp insurers industry-wide are posting the first underwriting profit since 2006. The increase in profits (equal to about two cents per premium dollar) was led by Travelers and the Hartford. The combined ratio is expected to be 98 for 2014, compared to 102 in 2013 and 109 in 2012. The lower combined combined ratio has helped insurers counter lower yields on bond portfolios in the current low interest rate environment.

Read more from Bloomberg here.

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