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NCCI Shifts Comp Market Prognosis from 'Guarded' to 'Precarious'

Friday, May 7, 2010 | 0

By Michael Whiteley, Eastern Bureau ChiefORLANDO, Fla. -- The National Council on Compensation Insurance (NCCI) changed its characterization of the workers' compensation market from "guarded" to "precarious" Thursday and warned that plummeting premiums and continued malaise in the job market make the future hard to predict."There are a lot of unknowns out there – a lot of balls in the air . . ." said NCCI President and Chief Executive Officer Steve Klingel. "So we have to move carefully in these precarious times."The Boca Raton, Fla.-based rate maker issued its 2010 market label as p...

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