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Workers comp market share

The 2007 numbers are in, and once again AIG is the largest writer of WC in the US. They are followed by Liberty Mutual, Zurich, the Travelers and Hartford, with theCalifornia state fund dropping out of the top five.

The shift is likely driven by the market cycle as much as any individual insurer's efforts to grow share. With WC premium rates continuing to decline, many formerly self insured employers are now able to buy insurance cheaply, cheaply enough to outweigh the benefits of self insurance.

Witness the bloodbath in the FL TPA market for proof of just how widespread this is

Posted by on March 11, 2008 2:48 PM |

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