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Article: Employer coping strategies vital in a tough market; Business Insurance Workers Compensation and Disability Management Conference.(Insurance industry)
- Article from:
- Business Insurance
- Article date:
- November 11, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MEG FLETCHER
SAN FRANCISCO-Sellers of workers compensation and disability management coverages and services are offering employers a variety of strategies to cope with the challenging marketplace.
The market is difficult because insurers are seeking higher prices, in part because of ``very poor'' financial results, said Barry Lipton, senior actuary in Agoura Hills, Calif., for the National Council on Compensation Insurance Inc.
Private insurers' calendar-year combined ratio reached 122% last year-a 10-year high-with about 1.9% of that attributed to the Sept. 11 terrorist attacks, Mr. Lipton said at Business Insurance's recent Workers ...