California is already displaying indicators of tightening, with fee will increase within the flat to +5% vary. New York, the place state-mandated fee decreases have compressed profitability, is seeing some carriers scale back capability or exit sure courses solely. Massachusetts, regardless of not being a big employees’ comp market, has pushed charges so low that “carriers are saying, we are able to’t attain profitability, so we’re not going to put in writing in that state,” Palmer mentioned. Illinois can be trending towards deterioration, with rising loss prices and political stress on pricing.
