In research news:

A new NCCI report on the state of the workers’ comp residual market across the country reveals that growth has slowed, with the residual market overall occupying a 6.8 percent market share. The Residual Market Management Survey states further that “ultimate written premium for all reinsurance pooling mechanisms serviced by NCCI is projected to be $1.155 billion, representing a 7% increase [from Policy Year 2013 to 2014.] This is a significant reduction in the growth rate, which was 60% in 2012 and 32% in 2013.” As a result of written premiums increasing at a slower rate, the residual market share was 6.8% in 2014, which is 0.2% above the residual market share the year prior.

Read more from Business Insurance here. Read the report from NCCI here.

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