Flash Report: Workers’ Comp Reserves Deteriorating Significantly

ORLANDO, Fla. -- This morning at its annual issues symposium here, the National Council on Compensation Insurance presented its latest estimates that the U.S. workers' comp industry is under-reserved by $16.9 billion.The figure has deteriorated by 33 percent from 1998 and the many large carriers that have taken reserve releases in recent years account for half of the deficiency problem, according to Robert Blanco, vice president and actuary for NCCI.NCCI also estimates that the average accident year