Net written premiums in the U.S. workers compensation market increased 9 percent, or $39.63 billion, in 2012, the second straight year premiums increased, according to annual study by the National Council on Compensation Insurance.
NCCI officials said the increases are a “welcome shift’ following the cumulative 27 percent decline in premium from 2006 to 2010.
“By many measures, the industry condition is indeed improving,” said Steve Klingel, NCCI president and CEO."While we are pleased to see that the positives are beginning to outweigh the negatives, there remains great opportunity for improvement."
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