Today’s issue of WorkCompRecap features the release of NCCI’s latest edition of their State of the Line workers compensation market analysis. NCCI’s overarching impression of the market’s current state was “conflicted”. President and CEO Steve Klingel said that they had seen some elements that had improved since 2010, however in other areas, the market remains in a “worrisome” state.
Key points addressed by NCCI included the fact that they saw combined ratios sticking at unsustainably high levels, and investment returns have been insufficient to generate operating returns near the cost of capital. On the upshot, NCCI pointed to growth in written premium, which provided some convincing indication that the worst of the recession has passed.
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