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NCCI reviews comp problems; NCCI issues symposium.(Brief Article)(Statistical Data Included)
Business Insurance, May, 2002 by Fletcher, Meg
ORLANDO, Fla.-Although the workers compensation losses from the Sept. 11 attacks were not as bad as was initially thought, they still worsened what was already a tough year for workers comp insurers, according to speakers at the annual symposium sponsored by NCCI Holdings Inc. As a result, workers comp buyers will likely face greater underwriting scrutiny as their policies renew, speakers said.
``Unfortunately, this year the state of the workers compensation market remains difficult, with preliminary 2001 results reflecting one of the worst years in the market's history,'' said Chapin Clark, interim president and chief executive officer of the Boca Raton, Fla.-based NCCI. ``The 2001 numbers tell a grim story, with some of the bad news tied to the Sept. 11...
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