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New NCCI Workers’ Compensation Financial Update Newsletter Published

January 19, 2011 - WorkCompWire

The decline in net written premiums for workers compensation is projected to continue this year, according to NCCI’s latest Financial Update newsletter.

Among other findings:

  • 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
  • The combined ratio for the residual market pools serviced by NCCI remains unchanged for Policy Year 2009
  • The underwriting loss in Policy Year 2009 for NCCI-administered residual market pools is projected to improve slightly.

The Full Worker’s Compensation Update Newsletter can be found here (PDF):
https://www.ncci.com/Documents/wc_financial_update_jan_2011.pdf

SOURCE: NCCI

Filed Under: Association, Rating & Research News, Industry News, Top Stories - Recent, WCW Inner Page Featured - Recent, Workers' Compensation

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