Today’s issue of WorkCompRecap features the recent release of NCCI’s annual “State of the Line” workers compensation market analysis, which was presented at NCCI’s 2011 Annual Issues Symposium. As readers can tell by our headline, the news was not particularly sunny, as NCCI headlined their analysis with the declaration that the Workers’ Compensation market was “Deteriorating” – a turn for the worse from last year’s “Precarious”, when the report highlighted a large amount of uncertainty about where the market was headed.
NCCI’s CEO indicated that most of last year’s uncertainty had settled, and mostly in unfavorable ways. Chief Actuary Mealy also related the “ever-increasing” challenges facing the line, including poor underwriting results, declining premiums, healthcare reform uncertainty, and an uptick in claim frequency.
Find out more (including a link to the presentation!) by clicking here.