“Workers’ compensation continues to be the most profitable line” in the property and casualty sector, says Donna Glenn, chief actuary for the National Council on Compensation Insurance. Glenn delivered the message as part of the rating agency’s annual State of the Line report. It shows the industry not only weathered the economic fallout from the …
Industry experts say workers’ comp written premium ended up being down some 8.1% in 2020 compared to the prior year. They predict that the sector will remain profitable with an 86% combined loss ratio. Officials from the National Council on Compensation Insurance note that the combined ratio, if it holds, and it is likely to, …
Nationally, the workers’ comp industry finished 2019 in a strong financial position. It experienced a calendar year combined ratio of 85, which marked the sixth year in a row that it was under 100, according to the annual State of the Line report compiled by the National Council on Compensation Insurance. The line’s profitability is …