The National Council on Compensation Insurance has an optimistic, yet cautious outlook for the workers' comp market in the coming year, based on the industry's recent positive indicators–including a stellar bottom line, effective legislative reforms in key states and favorable frequency trends.
Among the highlights:
o Workers' comp turned in an excellent financial performance in 2006. As noted in NCCI's annual "State of the Line" report, we project a workers' comp calendar-year combined ratio of 96.5–the best underwriting result in at least 30 years, and the first underwriting profit since 1995.
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