New NCCI Workers' Compensation Financial Update Newsletter Available
Boca Raton, FL (WorkersCompensation.com) - NCCI's newest Financial Update newsletter shows that Calendar Year 2012 is on path for a second year of growth in net written premiums for workers compensation. Among other findings:
- The net combined ratio for workers compensation likely has improved slightly and is currently projected to be 113 for 2012.
- On average, the countrywide approved workers compensation bureau rates/loss costs were flat for 2011 and increasing for 2012, ending the seven-year period of nearly 26% declines.
- Policy Year 2011 saw the first growth in residual market premiums in six years.
You may access the Workers' Compensation Financial Update Newsletter here.