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Industry Profits Continue to Rise, NCCI Reports

By William Rabb (Reporter)

Wednesday, May 15, 2019 | 1591 | 1 | 95 min read

Like a sports team on a years-long winning streak, the workers' compensation insurance industry continues to put up record-breaking numbers, the top actuary for the National Council on Compensation Insurance said Tuesday at the council's annual symposium. The numbers, including a continued drop in combined ratio, an increase in profitability and a sustained drop in claims frequency, are so good, in fact, that some stakeholders are wondering if they're watching a bubble about to burst. “We have never seen this level of financial performance, and it is clear insurers...

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