Southeast News
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S.C. Carrier to Stop Writing New Workers' Comp Policies; Won't Renew Without Other Coverage
Southeast News • November 21, 2005
The Companion Property and Casualty Insurance Group has announced it will stop issuing new workers' compensation policies in South Carolina next month and won't renew certain other accounts ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Workers' Comp | Bert | Nov 28, 2005, 2:47 pm |
| Workers' Comp | Bill | Nov 23, 2005, 11:59 am |
| Back to article | ||
Subject: RE: Workers' Comp
Concerns on large rate increases also reflect a lack of understanding of the WC system. No carrier operates as a non profit and sooner or later all will pull out with inadequate rates. The recurring residual market load increase and growth has occurred time and time again. States such as Maine, Kentucky, Florida and Georgia have all gone through crises induced by rate inadequacy.
The marketplace is always a better regulator of price than a regulator is.