Today’s issue of WorkCompRecap features NCCI’s release of its “State of the Line” Report, which was delivered by Chief Actuary Kathy Antonello at NCCI’s Annual Issues Symposium for 2019.
Key findings from this year’s report included that the CY 2018 combined ratio for private carriers was 83%, marking the fifth consecutive year of underwriting gains, and the lowest on record since the 1930s. Total market net written premium volume increased in 2018 to $48.6 billion. NCCI President and CEO Bill Donnell presented the word for the year, “Delivering” at the symposium, underscoring the importance of the workers compensation industry delivering on its 100-year-old promise to workers and their families.
Find out more (including a link to the free report!) by clicking here!