The performance of the US workers compensation system remains healthy according to the 2022 metrics that the National Council on Compensation Insurance (NCCI) released today.
Tag: NCCI
Workers’ Compensation Carriers Post a Profitable Year for 2021
The National Council on Compensation Insurance (NCCI) today released its performance metrics for the US workers compensation system for 2021. Private carrier plus state fund net written premium increased about 1% to $43 billion in 2021 (private carrier premium alone was $38B). Private carriers again posted a profitable Calendar Year 2021 combined ratio of 87.… Continue reading Workers’ Compensation Carriers Post a Profitable Year for 2021
Workers Comp Insurers Post Profitable Year for 2020
The National Council on Compensation Insurance (NCCI) today revealed in-depth data on the performance of the US workers compensation system in 2020. Because of job losses and shrinking payrolls during the pandemic recession, net written premium dropped 10% to $42 billion in 2020. However, private insurers posted a profitable calendar year combined ratio of 87,… Continue reading Workers Comp Insurers Post Profitable Year for 2020
Florida Among States with Most COVID-19 Workers’ Compensation Medical Claims
Florida was in the top five nationally in the rate of COVID-19-related workers’ compensation insurance medical claims filed in the first six months of 2020, a report released by the National Council on Compensation Insurance (NCCI) said. Florida recorded more than 300 COVID-19-related workers’ compensation medical claims for every 100,000 active claims between January and… Continue reading Florida Among States with Most COVID-19 Workers’ Compensation Medical Claims