In industry news:

According to a new USI report, workers’ compensation market trends should continue as they did in 2017. Workers’ compensation rates in 2018 will be mixed, with some programs seeing pricing flat to down and others seeing spikes. USI said that returns for low-risk investment opportunities are still limited. On the one hand, there is both aggressive and prudent pricing coming from carriers seeking to grow premium. On the other, clients with “poor loss results, declining financials” and businesses in states such as Florida, California and New York are facing underwriting discipline (as are insureds in more volatile industry classes).

Read more from Insurance Journal here.

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