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New NCCI Workers' Compensation Financial Update Newsletter Available

30 Oct, 2012 WorkersCompensation.com

                               

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.

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