In industry news:

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.

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