Workers comp premiums hit record high in 2016

Workers compensation premiums hit a record high of $58.5bn last
year despite ongoing pricing pressure, according to a new study
from AM Best.
The rating agency pointed to an inverse correlation between the
unemployment rate and workers compensation premiums as a reason for
the growth.
"Since rates decreased on average from 2015 to 2016, the
growth in premiums can be attributed primarily to an increase in
payroll base," AM Best explained.
However that trend may be set to come to...