Today’s issue of WorkCompRecap features NCCI’s recent release of its annual “State of the Line” analysis for workers’ comp. This year’s edition described the the current state of the industry as “balanced”, noting that the calendar combined ratio posted a seven point decrease versus 2012, coming in at 101 for 2013, which is also a 14 point drop from 2011.
NCCI also felt that industry costs are largely contained, claims frequency continues to decline, and the system in most states is operating efficiently were other positive signs. Challenges do however remain, and NCCI pointed out that slow employment growth, especially in manufacturing and construction, uncertainty over TRIA and the ACA’s impact, and investment yields that may not be sustainable in the long term will all be things to watch.
Find out more (including a link to the full deck!) by clicking here!