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Signs point to more unprofitable years ahead for the workers compensation insurance industry, according to a Standard & Poor’s Corp. report released Monday.

While pricing for workers comp insurance modestly improved during the latter part of 2011, New York-based S&P said it is uncertain whether the pace of rate increases will be sustainable over the next few years and whether it will sufficiently overcome increased loss costs.“Continued high unemployment in the U.S., a sluggish economic recovery, potential for higher inflation on future claims payments, adverse reserve developments, and a volatile investment environment with historic-low investment yields could add up to many years of unprofitability for the workers compensation industry,” according to the report, “For The U.S. Pro Read more…