The profitability of workers' compensation has attracted a lot of attention of late.
In part, that’s because the insurers have been celebrating. The NCCI’s state of the line report in 2014 said that the insurance market was “in balance” after a streak of recent good fortune. Its President and CEO Steve Klingel remarked this May that the market was “calm" and warned of “turbulence ahead” but did not suggest that profits were in trouble. In 2014, the combined ratio (losses and other expenses as a percentage of premium) was 0.98, one of th...
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