NCCI: WC Market Continues to Improve
Over at Managed Care Matters, Joe Paduda has a report from NCCI’s Annual Issues Symposium in Orlando this week.
Workers’ comp net written premiums for funds and insurers were up substantially – 6 percent – over 2013, making for the 4th consecutive year of premium growth.
Meanwhile, the combined ratio for private carriers improved as well – down 4 points to 98, driven by a drop in loss adjustment expense, underwriting expense and loss costs. State funds saw their combined stay flat at 115.
Paduda relates NCCI President and CEO Steve Klingel’s view that the favorable national climate is unlikely to last long. Read the whole thing.
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