The NCCI expects the workers' comp sector to register a combined ratio under 100 for 2023, which would become the 10th consecutive year of profitability. Credit: alphaspirit/Adobe Stock
Executives at workers' comp carriers are increasingly worried about declining rates and the uncertainty in future claims due to changes in the American workforce, according to a survey by the National Council on Compensation Insurance (NCCI).
Profitability is also expected to become hard to achieve in this sector, according to the 101 executives surveyed. Many also voiced concern for the long-term financial health of the workers' comp system.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
