Residual Market Increases to 6.8%

The residual workers’ compensation market for direct premiums written in 21 states administered by the National Compensation on Compensation Insurance increased to 6.8% in 2014, a 0.2% increase from the year before.  The residual market has continued to grow since 2010 after a seven-year slump, where markets gradually decreased to 3.5% from 11.2%, according to results released in NCCI’s 2014 Residual Market Management Summary.  Massachusetts had the largest residual market pool, at 21.7% of premium, followed by Alaska, at 15.8%. Idaho had the smallest residual market: j...