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NCCI Reports Comp Insurers' Premium Plunges 23% In 3 years

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.

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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.

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