Today’s issue of WorkCompRecap finishes off the short week with NCCI’s release of their Financial Update report, which offers the latest financial results for the workers comp industry.
NCCI noted that they had estimated an industry-wide combined ratio for 2012 of 109, with actual data coming in at 108.1, which they attributed to a small improvement in the underlying loss ratio and slight decline in the dividend ratio. NCCI also evaluated data for the first half of CY 2013 to provide full-year estimates, and while still early and subject to revision, the analysis suggested a slight increase in premium volume and continued decline in the combined ratio.
Find out more (including a link to the free report!) by clicking here!
WorkCompWire will return on Monday.
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