Guess the industry CEO\’s have a short memory. Weren\’t they all in agreement that the cycle of rate increases/decreases needed to stop and we needed some stability in the marketplace? Yes, while current statistics show a return of profitability, much of that profit was due to exhorbitant rates used in 2002, 2003, 2004. But current rates appear reasonable and stats from 2005 are too raw to be credible, even with recent CA changes in WC laws. So, HERE WE GO AGAIN!
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At the rate we\’re going we\’ll be paying them to write their insurance!
Guess the industry CEO\’s have a short memory. Weren\’t they all in agreement that the cycle of rate increases/decreases needed to stop and we needed some stability in the marketplace? Yes, while current statistics show a return of profitability, much of that profit was due to exhorbitant rates used in 2002, 2003, 2004. But current rates appear reasonable and stats from 2005 are too raw to be credible, even with recent CA changes in WC laws. So, HERE WE GO AGAIN!