Today’s issue of WorkCompRecap features a new issue of NCCI’s Workers’ Compensation Financial Update Newsletter that was just released. According to the latest issue of the newsletter, the decline in net written premiums for workers compensation is projected to continue this year.
Among other findings, NCCI pointed out a few significant highlights from their update:
- The net combined ratio for workers compensation is projected to show little change in 2010.
- On average, the approved WC bureau rates/loss costs decreased in 2010.
- Residual market premium continues to shrink for Policy Year 2009.
Find out more (and get a look at the full Newsletter!) by clicking here.
Also of note today in our “People on the Move” Section, while not a “move”, is the announcement that MedRisk CEO Shelley Boyce recently won the 2010 SmartCEO BRAVA! Award. Congratulations Shelley!