In industry news:

Presenters at the 2015 Workers’ Compensation Institute conference in Orlando this week explained to audiences that the U.S. workers’ comp market is stable as premiums continue to grow, but rising average claims cost and continued weakness in manufacturing and construction hiring could cause problems for the sector. Despite increasing premiums and a lower combined ratio in the last several years, hiring is still below prerecession levels in most states and average claims cost rose an estimated 4 percent in 2014 to $23,600, according to NCCI. Presenters emphasized that, generally, what is good for the American economy overall is good for workers’ comp.

Read further coverage of the conference from Business Insurance here.

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