NCCI Predicts Stability for Financial Health, Rate Adequacy

The National Council on Compensation Insurance said it doesn't anticipate an imminent reversal in the financial health of workers' compensation carriers or the adequacy of rates. The national ratemaking organization said its 25th annual survey of workers' compensation insurance executives revealed concerns about the steady decline in rates and loss costs throughout the country, and the potential implication for rate adequacy. Rates and loss costs have generally decreased for more than a decade due to falling claim frequency, moderate changes in medical and indemnity claim costs a...