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NCCI Reads Mixed Signals for Comp Market

By Jim Sams (Senior Editor)

Friday, May 11, 2012 | 0

By Jim Sams, Senior EditorORLANDO, Fla. -- The National Council on Compensation Insurance described the state of the national workers' compensation market as "conflicted" on Thursday, with the first increase in total premium in five years and a return to the long-term trend of declining claim frequency, along with a stubborn combined loss ratio of 115% and a 10% deficiency in reserves.NCCI Chief Executive Officer Stephen J. Klingel said during the organization's Annual Issues Symposium that the one-word description of the state of the market may not brim with optimism, but is an improv...

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