After five years of growth, the size of the residual market pool administered by the National Council on Compensation Insurance dipped in 2005 and fewer employers applied for residual market coverage, NCCI said in a report released Thursday.
The report said written premium in NCCI's residual market pool dropped slightly, from $1.5 billion in 2004 to $1.4 billion in 2005. Projected ultimate losses dipped too, from $201 million in 2004 to $189 million in 2005. The combined ratio remained 113% in both years.
The residual market in NCCI-administered states had grown in each of the previous fiv...
Comments