NCCI released a new research brief: Workers Compensation Loss Development Exhibits. Large loss development and excess loss development are relevant in determining excess loss factors used in NCCI’s ratemaking methodology and in retrospective rating. In this research brief, NCCI presents the results of an update to the periodic review of these development patterns. Also included are tables of cumulative excess loss and excess claim count development factors through Development Year 31 for a variety of excess layers.
Access the report and exhibits here.