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Article: Veterinary services provide $129 million in premium and an attractive loss profile

Article from:
Rough Notes
Article date:
March 1, 1997
Author:
Copyright

Veterinary services in the United States provide $129.3 million in commercial lines premium and a loss ratio of 56.4, according to data compiled by IMR (Insurance Market Research) Corp., one of the PLP Companies. However, care needs to be used in developing this niche. Not only can loss ratios vary but, because the average premium size is small, expense ratios can be high if each account is handled individually. The loss ratios, broken down by region, range from 48.8 in the Midwest to a high of 68.8 in the Rough Notes Western region.

Some 20,630 veterinary service companies in the United States employ 145,700 people. Workers compensation represents the largest single line, accounting for ...

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