Employers – Get Ready for the Changing Workers’ Comp Market Place

Employers – Get Ready for the Changing Workers’ Comp Market Place

According to Conning Research & Consulting, insurance companies nationwide are raising rates in most workers’ compensation insurance classifications.  The insurance company underwriters are also taking a more conservative view when considering new customers and when making renewal proposal offers to their current customers.

The rising medical costs & lower returns on investments have caused the insurance industry to enter into a new cycle of passing on their costs through higher rates to employers. 

Many folks may not remember, but employers have enjoyed lower rates for the past few years. It seems that every 5 or so years we all participate in this roller coast rise and fall of rates.  Unfortunately, the rising rates have come at time when most employers continue to struggle financially.

You may go to  Insurance Networking News for more information.

For a detailed assessment of your organization’s situation contact me at 916-265-3837 or email tbone@isugroup.com.

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Tom Bone
Risk Insurance Advisor
ISU Insurance Services
2266 Lava Ridge Court
Roseville, California 95661
Phone 916.960.8758 or 800.823.4852 ext. 8758
Fax 916.773.4484
Mobile 925.285.6790
Email tbone@risksnthreatsmatter.com
License #0306692