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Workers' Comp Squeaks Out Profit For '07

ORLANDO, Fla.--The National Council on Compensation Insurance (NCCI) announced today that the workers' compensation insurance market squeaked out another profitable year with a calendar-year combined r

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ORLANDO, Fla.–The National Council on Compensation Insurance (NCCI) announced today that the workers’ compensation insurance market squeaked out another profitable year with a calendar-year combined ratio of 99 for 2007.

But that figure, released at the NCCI’s Annual Issues Symposium here, was a six-point deterioration from last year and would have been even higher if results from the California market were removed, according to NCCI Chief Actuary Dennis Mealy. Without California, the figure would have stood at 104, he said.

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