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NCCI Publishes Latest Residual Market Results

16 Mar, 2009 WorkersCompensation.com

                               
Boca Raton, FL (CompNewsNetwork) - Healthy workers compensation markets, the recession, and NCCI's residual market depopulation programs were responsible for a continued decline in the number of employers seeking workers compensation insurance through the residual market in 2008. This was the overall message at NCCI's Assigned Carrier Conference, held February 5 and 6, 2009, where attendees learned the latest residual market results for states' assigned risk plans and reinsurance pools.
 
Key 2008 achievements include:

    * Residual Market losses held to 0.7% of voluntary market premium
    * Residual Market deficits reduced to $110 million
    * Pool Data On-Line enhancements
    * West Virginia Residual Market implemented

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