U.S. Insurance Market Report 2012: Public Entity
Published: 07-Feb- 2012 | Comments: 0
Highlights from the public entity section of the U.S. Insurance Market Report 2012 include:
- Casualty insurance rates are likely to
trend upward for public entities in 2012.
- The excess workers’ compensation
market is showing significant rate
increases due to increased frequency
and severity associated with medical cost
containment.
- Insurers are seeing increases in
employment practices and workers’
compensation claims, and suggest they
may be related to economic issues that
have driven reductions in workforce and
furloughs.