NCCI Notes Loss Increases in Nat'l Pool

NCCI has released Fourth Quarter 2003 operating results for the Residual Market Pools. * During the fourth quarter of 2003, projected ultimate losses increased about $207 million for the National Pool and $247 for all Pools managed by NCCI.Of this, about $273 million of losses were booked for premium earned during the quarter. NCCI notes that $273 is about 80% of the $343 million of premium earned in the quarter.In addition, the balance of the change constitutes a reserve release of about $26 million: * Reserve releases in the Massachusetts Workers Compensation Assigned Risk Pool for Polic...