From the June 2010 issue of Treasury & Risk magazine

Workers Comp Carriers Hit Hard


Workers compensation insurers have taken a beating from both the soft insurance market and the recession, which has reduced the number of employees that companies need to insure. The industry's written premium dropped 23% in the last two years, according to a recent report from the National Council on Compensation Insurance (NCCI), which tracks workers comp data.

The workers comp industry's combined ratio--the percentage of premiums paid out in expenses and losses--jumped to 110% last year from 101% in 2008, according to NCCI, which says that's the biggest one-year increase since the mid-1980s.

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