Chicago-based Fitch Ratings says that U.S. commercial property/casualty insurers’ 2016 underwriting performance appears likely to fall short of that of recent years. However, workers’ compensation was a particular concern. As Business Insurance reports, Fitch noted that workers’ comp (the largest commercial insurance line) has experienced steady improvement over the past five years and posted an underwriting profit in 2015. “Sustainability of this performance is questionable given this line’s history of volatility and claims complexity,” Fitch said in its analysis.
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