NCCI Releases 2022 Residual Market Management Summary

The National Council on Compensation Insurance has released its Residual Market Management Summary 2022, capturing the health of workers' compensation residual market plans and reinsurance pools that NCCI services in 30 jurisdictions. NCCI says the report indicates that the residual market continues to be stable and self-sufficient, helping to foster a healthy workers' compensation system in the United States. Residual market premium remained manageable in premium volume and market share, with combined ratios in recent years ranging from 92% to 105% and averaging 99% f...