Today’s issue of WorkCompRecap features NCCI’s recent release of their Workers’ Compensation 2012 Issues Report. The report examines the most critical issues facing the workers compensation industry each year. Highlights in this issue include updated results from NCCI’s 2011 State of the Line report, two perspectives on the prospects for economic recovery, and contributor Joe Paduda’s examination of how opioid over-prescribing and physician dispensing are harming claimants and employers.
Find out more (including a link to the free report!) by clicking here!
Also in the news today are two First Quarter 2012 earnings reports from SeaBright Holdings, and ACE Limited. SeaBright reported net income of $8.1 million compared to a net loss of ($0.1) million for the same period in 2011, with their CEO commenting that they were pleased with the results as they marked a return to profitability as well as stable loss reserves. ACE reported net income for the quarter ended March 31, 2012, of $2.84 per share, compared with $0.73 per share for the same quarter last year, and noted that they continued to shed lines of business, especially U.S. general market workers’ compensation, where has not met their standards for earning an underwriting profit.