Workers Compensation

Workers Compensation: State of the Risk

Workers Compensation

The workers compensation insurance industry experienced its second best underwriting result in the past twenty years in 2023 with a net combined ratio of 87. It was the ninth year in a row of net underwriting profit following eight years of a net combined ratio over 100, or ten of the previous eleven years. In comparison, workers comp has outperformed the combined property and casualty insurance industry in net combined ratio each year since 2015.

(As of February 11, 2025)

Haze of confusion

The spread of marijuana legalization continues apace. More than 30 states and the District of Columbia now have programs that allow qualifying patients to access medical marijuana products. Another 13 states permit non-intoxicating medical products. Eleven states and D.C. permit recreational marijuana, where adults over the age of 21 can possess and use the drug.

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Spotlight on: marijuana and employment

Overview

More states are passing legislation permitting medical and/or recreational marijuana use, which raises the inevitable employment-related questions. In this article, we’ll discuss:

Spotlight On: Workers Compensation

What is workers compensation?

Workers compensation insurance provides for the cost of medical care, rehabilitation, and wage replacement for injured workers and death benefits for the dependents of persons killed in work-related accidents. In recent years, it has been the most profitable property/casualty line of business.

Facts + Statistics: Workplace Safety/Workers Comp