NCCI released an update to its 2007 and 2011 excess loss development studies. Key findings include:
- Claims with case-incurred losses less than $3 million generally developed upward, while claims with case-incurred losses in excess of $5 million generally developed downward.
- Claims with case-incurred loss between $3 million and $5 million generally developed downward during earlier reporting periods and upward during later reporting periods.
Read more here.