The link below discusses the improving trends in the workers compensation markets. While many carriers are still recovering from a period of poor returns between 2006 -2010, there does seem to be some encouraging signs recently that profits at the carriers have increased as a result of lower losses and higher premiums in most industry categories.
— http://www.workcompwire.com/2013/05/nccis-outlook-on-workers-compensation-industry-encouraging/
Though from our experience at Work Comp Staffing Solutions, it may be another 12-24 months before carriers and begin to get comfortable underwriting staffing companies. We believe an unintended consequence of the ACA is that workers compensation carriers are concerned about how staffing companies will deal with the implementation of the Act and how it will impact their costs.
A great way to manage all these new back office expenses and new regulatory liabilities like the ACA, is by partnering with a Professional Employer Organization (PEO) via a skilled broker like Work Comp Staffing Solutions. Please feel free to contact me with any questions you may have about PEO’s at davidstaffing@gmail.com and visit us at www.StaffingCompSolutions.com
All the best,
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association