Arthur Larson, the late, great academic of Workers Compensation law from Duke University is probably turning over in his grave. How can a statutorily required line of line of insurance that comprises almost 20% of all commercial lines written premium in the US continue to remain in the “basement” when it comes to profits? The 117% combined loss ratio is almost 10 points worse than the 2010 WC result, and the poorest result in a decade for the beleaguered WC arena, with no surcease ...
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