Prepare for an erratic year in the business insurance market, industry analysts say.
“The next 12 months in the business insurance market will be a bumpy ride for many,” said Rex
Haynes of Brown & Haynes Insurance Inc. in Southaven. “Business insurance pricing has been in a
downward trend for the last six to eight years, with workers’ compensation being the loss leader the last
couple of years. National results on most business insurance lines, especially workers’ compensation,
show insurance companies losing as much as 25