Liberty Mutual’s announcement that profits dipped slightly in 2007 (albeit from a pretty solid 2006) looks to reinforce the impression that the workers comp market is softening.
Anecdotally other writers in New England note that Liberty is pursuing risks in the $100k and up range very aggressively – and this is not just holding on to current policyholders, but new risks as well.
Liberty is not the only one facing declining prices, and workers comp is not the only line. According to a recent study, pricing for liability, D&O, and property coverage is also decreasing.
Feb
11
