The medical share of total workers' compensation insurance losses has jumped by 13 percentage points since 1987, according to new research by the National Council on Compensation Insurance.
NCCI said in a brief that such losses have gone up "dramatically" to a projected 59 percent for medical against 41 percent for wage replacement indemnity costs in 2007, based on actuarial estimates of ultimate accident-year losses.
Among other findings in the report, which NCCI labeled as key:
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
