NU Online News Service, May 6, 2:58 p.m. EST
ORLANDO,FLA.--Workers' compensation insurers have seen net written premium dive 23 percent from 2007 to 2009, the chief executive of the National Council on Compensation Insurance told a conference here.
Stephen Klingel, NCCI Holdings CEO, said workers' comp written premiums have been disproportionately affected by the economic downturn's impact on construction and manufacturing sectors.
Speaking at NCCI's Annual Issues Symposium held here, Mr. Klingel said wages that go into premium calculations for workers' comp were down 4 percent from 2007 to 2009.
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