The workers’ compensation combined ratio for private insurers was a profitable 94% in 2015 and 2016, while net premiums written leveled off last year at $45.5 billion, according to the National Council on Compensation Insurance.
But behind the nationwide data lies variability among states that is spotlighted in a recent series of NCCI reports.
In Virginia, for example, workers’ compensation premium volume grew 4% last year, to $1.02 billion. And Virginia’s workers’ comp combined ratio dropped last year to 98%, improving from 103% in 2015.
But the news wasn’t al...
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