NCCI Predicts Record Premium Totals, Industry-Wide Underwriting Profits by End of 2014

The workers’ compensation industry is poised to set a record in written premium this year, according to a report by the National Council on Compensation Insurance. The council’s “State of the Line” report estimates that by the end of the year, private workers’ compensation carriers will have pulled in $39.3 billion in written premium – the highest total since the beginning of the data set in 1990 and the fourth straight year of increases. On top of that, the report estimates an industry-wide combined ratio of 96%, indicating that for the first time since 2...