Today’s issue of WorkCompRecap features the release of NCCI’s State of the Line analysis, which was presented at its Annual Issues Symposium and describes the current state of the industry as currently calm, but with “turbulence ahead”.
NCCI noted that 2014 followed on 2013’s positive results, with the combined ratio falling below 100 for the first time since 2006, better operating gains, and continued declines in frequency. However, they also cautioned that indemnity and medical severity increases have begun outpacing increases in AWW and medical CPI, low interest rates continue creating investment challenges, and employment in sectors like construction and manufacturing is still significantly below pre-recession levels.
Find out more (including a link to the full presentation!) by clicking here!