Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
STATE OF THE WORKERS’
COMP MARKET
Claim frequency is down and
rates are up, but reserves
warrant close attention
TOP STORIES OF THE WEEK
Rates Up in Q2, But Pricing
Momentum in Question
A survey by the Council of Insurance
Agents & Brokers provides further evidence
that rates are still moving upward, but
experts doubt whether a hard market is on
the way. E Page 6
SAFE TY
SUPERSTARS
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A
R
X
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W
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R
D
O
F
C
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L
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Study: Drought Could Yield Major
Losses for Crop-Producing States
Due to prolonged drought conditions in
the Midwest, underwriting losses for 12
major corn- and soybean-producing states
could be as high as $2.8 billion, a recent
report warns. E Page 8
Gallagher: No Hard Market?
No Problem
Modest P&C rate increases will benefit the
industry more than true a hard market
because they are more palatable to clients,
says Arthur J. Gallagher & Co.’s CEO.
E Page 10
Cyber Risks Abound, But Are
Businesses Buying Coverage?
After what it calls the “Year of the Breach,”
Willis says that companies concerned
about their Cyber exposures need to
carefully examine their insurance coverage
and risk-management strategies—but
whether they’ll actually buy is a different
story. E Page 12
Limbach, Kelly Services
and Vestas-American
Wind Technology share
the award-winning,
bottom-line-boosting
best practices of their
Workers’ Comp programs.
See Page 14
MIND OVER MEDS
Meditation may help curb rising
insurer costs and the dependency
issues associated with narcotics
for pain management
Page 24
