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SHATTERING THE POISONED CHALICE OF WORKERS’ COMPENSATION

Insurance Business America interviewed Shawn Hall, Sr., SVP, Director of Workers’ Compensation at Breckenridge Insurance Services on the current worker’s compensation market and how rate reductions that the market are seeing, often double-digit decreases year over year are not sustainable.

Hall likened the situation in workers’ compensation to the commercial auto insurance market, where accounts are currently seeing significant rate increases to make up for what he described as “historically misguided and aggressive pricing.”

 

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