Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written
Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008
By Joseph L. Petrelli
As I write this article, the unemployment rate in the United States was reported to be 9.4% as of the end of July. Gross Domestic Product (GDP) was reported to shrink by 1% in the second quarter of 2009. Employers are managing their payrolls to stabilize their corporate earnings and cash flow. Despite these economic conditions, the direct premium written by the insurers reporting growth in their workers’ compensation writings, the Top 25 reported an average increase in workers’ compensation insurance of an astonishing 36%. This occurred for the period June 30, 2009 versus June 30, 2008.
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