Filed Under:Agent Broker, Agency Management

NCCI's 2011 Issues Report Presents a Cautionary Tale

The headline of the recently released workers’ compensation Issues Report from the National Council on Compensation Insurance (NCCI) says it all: “Precarious Market Outlook Prevails.”

Authored by NCCI Holdings, Inc. President and CEO Stephen J. Klingel, the April 2011 report noted “continuing unease regarding market conditions,” an incongruity given that the overall property and casualty insurance industry has” largely out-performed other sectors of the economy during the economic downturn.”

Then There’s the Good News

While labeling the outlook for a strong recovery this year as “guarded,” NCCI did find some good news to report:

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