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New NCCI Workers’ Compensation Financial Update Newsletter Published

January 19, 2011 by 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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