Hager Hails Big Gains In W.C. Business But Says Struggle To Heal Troubled System Far From Over.

• Date: 27 May 2019

ORLANDO, Fla., /PRNewswire/--Despite major strengthening of state workers' compensation systems, the struggle to heal troubled systems is far from over, the chief executive officer of the nation's largest workers' compensation statistical, research and data collection organization said here April 20.

Referring to the largest single-year drop in combined ratio in workers' compensation history--from 121.5 in 1992 to 109.5 in 1993--William D. Hager, president of the National Council on Compensation Insurance, Inc. (NCCI), cautioned that "while the decrease is encouraging, we can't let down our guard. With system costs inflating at about 6 percent a year, if insurance commissioners block increases for just this year and next year, combined ratios in the 120s will return swiftly."

Hager was addressing approximately 500...