Workers' compensation 1991

Article Abstract:

The property and casualty insurance industry had a difficult year in 1991, especially in the underwriting of workers' compensation policies. Slow premium growth, which rose 1.9% for workers' compensation direct premiums in 1991, helped lead to underwriting losses of $7.1 billion. Self-insured workers' compensation has also contributed to conventional insurers' woes. In addition, growth rates among traditional workers' compensation insurers were varied. Many regional underwriters reported growth rates above 11%. National insurers lost 1.3% in market share.

1991 AD

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Expense-to-premium ratios for the 100 largest P/C insurers

Article Abstract:

The property and casualty insurance industry reported a 2% increase in premiums in 1991, but that was offset by a 4% increase in expenses for the year. Salary growth for the industry in 1991 was 6%, which was a 1% decrease compared to 1990. State fees, taxes and licenses and other miscellaneous category items for the property and casualty industry added to the increase in expenses in 1991. Furthermore, as premium increases slowed in 1991 so did the growth in insurance brokerage fees and commissions.

Reports

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