Today’s issue of WorkCompRecap features the release of NCCI’s “State of the Line” market analysis, from which the overall description of the industry was “encouraging.” The new report noted that the workers’ comp calendar combined ratio was 109 in 2012, a six-point decrease versus 2011, and the first posted decrease since 2006, which NCCI said was indeed welcome.
NCCI also indicated that their optimism was tempered by a few challenges, including poor underwriting results, low investment yields, and continued uncertainty regarding the impact of federal healthcare reform. Other positive points included growth in premiums for the second year in a row and continued improvement in claim frequency.
Find out more (including a link to the full presentation!) by clicking here!