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Workers compensation insurance prices rose about 9% during the second quarter, Liberty Mutual Group Insurance's President and CEO David H. Long said today during a quarterly results teleconference.
And the insurer is still seeking price increases across all its commercial-lines business “led by workers comp and property,” Mr. Long said.
“I have said it before, much more is needed for us and for the industry to become profitable in that line,” he said.
His statements are just one more confirmation that you can expect workers compensation renewal pricing to continue trending up.
You can access a recording of the teleconference call here