Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI May 15, 2025 By Andrea Wells Workers’ compensation remained a healthy and profitable line in 2024 but claims severity grew with an increase of 6% for...
Virginia Approves 12% Loss Cost Decrease for Workers’ Compensation December 12, 2024 By Andrew G. Simpson Virginia has approved a 12.0% loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the...
Florida OIR Approves 1% Average Workers’ Compensation Rate Decrease November 19, 2024 By William Rabb Florida employers will soon see the smallest decrease in workers’ compensation rates in years – just a 1% reduction from...
Allianz Exec Ryan to Succeed Donnell as NCCI President and CEO November 14, 2024 The board of NCCI Holdings, Inc. elected Tracy Ryan as its new president and CEO, effective January 6, 2025. Bill...
Connecticut Workers’ Compensation Costs to Drop Again in 2025 October 1, 2024 Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2%...
West Virginia Governor Touts 20th-Straight Workers’ Comp Loss Cost Decrease August 13, 2024 The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West...
US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency May 15, 2024 By William Rabb Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far...
NCCI: Wage Growth Likely to Continue Workers Comp Payroll Growth January 30, 2024 By Allen Laman Despite a “significant slowdown” in job growth in 2023, a new National Council on Compensation Insurance briefing shared that “wage...
NCCI President and CEO Donnell to Retire Early Next Year January 26, 2024 The National Council on Compensation Insurance (NCCI) said President and Chief Executive Officer Bill Donnell plans to retire in February...
NCCI: Shifting Workplace, Costs Are Top Concerns for Workers’ Comp Execs January 10, 2024 A new survey finds ratings data, changes in the workplace and workforce, medical inflation and economic uncertainty are top of...