In industry news:

NCCI released its annual financial results update, which follows information presented at each year’s Annual Issues Symposium conference in May. The new report provides updated results for 2013 and 2014, as well as preliminary estimates for Calendar Year 2015. Back in May, NCCI estimated workers’ compensation premium volume net of reinsurance to be $38.5 billion for private carriers, along with a combined ratio of 98. The updated data reported by the industry indicates no change to these preliminary estimates. Updated results for 2014 show a lower investment gain on insurance transactions compared to the preliminary values shared in May. The investment gain is generally declining between 2010 and 2014, with a significant decrease in the latest year. According to NCCI, the lower investment gain in 2014 “is more than offset by the improved combined ratio.”

Read more via Workers’ Compensation Institute 360 here. Access the report here.

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