NU Online News Service, May 10, 3:04 p.m. EDT
Workers' compensation combined ratios remained unsustainably high in 2011, and investment returns were not high enough to generate sufficient operating returns, but premium growth in this line indicates that the worst of the recession has passed, and the industry remains well capitalized for the future, according to NCCI.
NCCI President and CEO Steve Klingel, commenting on the latest NCCI State of the Line workers' compensation analysis, says, “NCCI has observed a number of countervailing indicators in current industry conditions. In some ways, we are seeing an improved condition from 2010. By other measures, however, the market remains in a worrisome state. In sum, we see a market that is conflicted as to its forward trajectory, and that makes for a challenging environment.”
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