Articles by Steven J. Groeschen

Groeschen is chief consulting actuary and risk analyst with Demotech Inc. Founded in 1985, Demotech is a Columbus, Ohio-based financial analysis firm that provides services to regional insurance companies, title underwriters and specialty insurance markets. Demotech has been assigning Financial Stability Ratings® (FSRs) in these markets since 1989. The FSR is an indicator of future financial stability and is accepted by mortgage lenders as well as underwriters of umbrella insurance and agents' errors and omissions insurance. Website: www.demotech.com.

Workers’ Comp Premiums Up 1.0% in First Half of 2017

Workers’ compensation insurers reported a modest increase in direct written premiums — a 1.0 percent increase — during the first six months of 2017 versus the same period in 2016. Workers’ compensation direct written premiums have increased for seven straight …

Demotech on Workers’ Comp: Premiums Up 2.3% in First Half of 2016

Demotech’s review of second quarter 2016 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 2.3 percent increase in direct written premiums during the first six months of 2016 …

Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech

Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of second quarter 2015 data. Demotech analyzed data reported …

Workers’ Comp Premiums Increase By 5.3% in First Half of 2015

Demotech’s review of second quarter 2015 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 …

Workers’ Compensation Premiums Increased By 5.1% in First Half of 2014

Demotech’s review of second quarter 2014 data, as recently reported by insurers to the National Association of Insurance Commissioners, shows that workers’ compensation insurers reported a 5.1 percent increase in direct written premiums during the first six months of 2014 …

Workers’ Comp Premiums Jump 8.1% in First Half of 2013

Demotech’s review of second quarter 2013 data, as recently reported by insurers to the National Association of Insurance Commissioners (NAIC), shows three straight years of growth in workers’ compensation direct written premiums. Workers’ compensation insurers reported an 8.1 percent increase …

Top 25 Workers’ Compensation Insurers Grow Premium 29.8% Based on June 30, 2012 Results Versus June 30, 2011

Demotech’s review of second quarter 2012 data, as reported by insurers to the National Association of Insurance Commissioners, shows that industry workers’ compensation direct written premiums continued to grow. The question remains, however, whether those increases are enough to improve …

A Look at Year-End 2010 Loss and Loss Adjustment Expense Reserve Adequacy

Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates …

Is $8 Billion Material? A Look at Year-End 2010 Reporting of Loss and Loss Adjustment Expense Reserve Adequacy

Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates …