Despite lingering long-term concerns clouding the horizon, at least for last year workers' compensation insurers enjoyed their best results in nearly a decade, the chief actuary of the line's largest organization reported here last week.
Dennis Mealy's comments came in remarks released before he was due to appear at the National Council on Compensation Insurance Annual Issues Symposium.
The industry's key profitability yardstick–calendar-year combined ratio–was 102 for 2005, which is a five-point improvement from the prior year and the best result since 1997, according to the NCCI's annual “State of the Line” preliminary market analysis.
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