Business Services Industry
Comp combined ratios continue to improve.(News)(compensation)(Brief Article)
Business Insurance, May, 2005 by Ceniceros, Roberto
Byline: ROBERTO CENICEROS BOCA RATON, Fla.-Workers compensation insurers' calendar-year combined ratio for 2004 dropped to 105%, a 4-percentage-point decline from a year earlier, according to a "State of the Line'' market estimate released last week by NCCI Holdings Inc. The findings mark the best performance for workers comp insurers since 1997, Boca Raton, Fla.-based NCCI said.
Insurers' accident-year combined ratio, meanwhile, continued a downward progression, marking a 45-percentage-point improvement in five years. It now stands at 94%. Accident-year data is based on accidents occurring in a 12-month period, whereas calendar-year data shows accounting information from many policy years with claim activity affecting one calendar year. The line is...
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