Is the Rate Making Plan the Chief Trouble With Compensation Insurance?

It is hard to realize that compensation insurance, now regarded as the "black sheep" of the casualty family, was once considered an attractive and promising class of business. Nevertheless, a satisfactory underwriting profit accrued from the compensation business in its first years before employees generally became claim conscious. True, this initial prosperity soon waned, and black figures, changing to pink, then to red, prompted the substantial rate increases of 1917; but America entered the war, employment and wage rates were simultaneously augmented, and overnight, compensation insurance became once more a breadwinner, and, indeed, the chief support of the casualty group.