In industry news:

A new report from A.M. Best reveals that workers’ compensation insurers had their most profitable year in 2016 since the Great Recession. In 2016, comp insurers reported a record high $58.5 billion in direct written premiums amid an increase in payroll base. By comparison, direct written premiums were at a 10-year low of $40.3 billion in 2010. The combined ratio for workers’ comp insurers improved to 95.5 in 2016 compared to 96 in 2015, amid a 1.7-point improvement in loss experience, largely aided by $3.2 billion in workers comp reserve releases last year.

Further coverage via Business Insurance here.

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