Standard & Poors recently noted an improving trend for workers’ comp insurers but predicted more unprofitable years noting “this industry has a dismal track record of underwriting results as illustrated by only three years of underwriting profits over the past two decades (1991-2010).” The report noted that most workers’ comp insurance companies offset underwriting losses with investment profits; not so easy in tough economic times.
In my practice as a NC workers’ compensation attorney (aka workmans comp) I can tell you that these insurance companies waste an incredible amount of money by denying necessary medical treatment resulting in longer periods of disability and higher claims cost.
Please feel free to call or email for your free NC workers’ comp case evaluation.
