NCCI: Frequency Down, Rates Up, Income Down ...

NCCI Holdings, Inc., yesterday delivered its "State of the Workers Compensation Insurance Line" presentation to an estimated 500 insurance executives at the NCCI Annual Issues Symposium (AIS) in Orlando, FL. "Unfortunately, this year the state of the workers compensation market remains difficult, with preliminary 2001 results reflecting one of the worst years in the market's history," said NCCI President and CEO Chapin Clark. "The 2001 numbers tell a grim story, with some of the bad news tied to the September 11 attacks on America." NCCI announced a combined ratio of 121% for the 2001 work...