Monmouth County takes a holistic approach to worker safety
This year’s winning organizations displayed exemplary loss control, safety and return-to-work programs.
The workers’ compensation insurance market remained profitable in 2021 in spite of premium declines and such worries as sizeable COVID-19 claims.
“We’re like the nicest house in the neighbor- hood, and everybody wants to buy us,” says Pat Edwards, senior vice president of the workers’ compensation practice at Risk Placement Services, Inc. According to a new report, the National Council on Compensation Insurance (NCCI) found that 2020 private carrier net written premiums decreased from 2019 by 9.5%, down $38 billion, and that the private carrier combined ratio was 87%, with an operating gain of 23.2%.
Already have an account? Sign In Now
Copyright © 2023 ALM Global, LLC. All Rights Reserved.