The residual workers' compensation market accounted for 6.1% of direct written premium in National Council on Compensation Insurance states in 2016, down slightly from 6.3% in 2015.
The residual market's share of direct written premium has remained relatively consistent for the past four years, NCCI's general manager of residual markets, James Nau, wrote in the introduction to the rate-maker's Residual Market Management Summary 2016, released last week.
The residual market share of direct written premium was 6.8% in 2014 and 6.6% in 2013. It was 11.2% in 2003.
There we...
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