Insurance Industry Challenges: View from Industry Associations

At the 2017 NCCI Annual Issues Symposium, a panel of representatives from industry associations discussed a variety of topics impacting their members. The panel included: Roberto Ceniceros – Senior Editor, Risk & Insurance Magazine Charles Chamness – President and CEO, National Association of Mutual Insurance Companies (NAMIC) Sean Keveligan – CEO, Insurance Information Institute (III) […]

Moral Imperative of Workers’ Compensation

At the 2017 NCCI Annual Issues Symposium, Jonathan Haidt, Professor of Ethical Leadership from NYU Stern School of Business and noted author, discussed the important work done by our industry and our reason for doing it. The Triangle Shirtwaist fire in 1911 is credited with being the rallying point for the present workers’ compensation systems […]

Key Issues Facing Workers’ Compensation

At the 2017 NCCI Annual Issues Symposium a panel debated issues impacting the workers’ compensation system and how well our industry is serving injured workers. The panel was: Susan Donegan – Chief Regulatory Officer, NCCI (moderator) Robert Hartwig – Associate Professor of Finance, University of South Carolina Peter Kochenburger – Associate Clinical Professor of Law, […]

Impact of Economy and Technology on Insurance and Workers’ Compensation

At the 2017 NCCI Annual Issues Symposium, Kurt Carl, Chief Economist for Swiss Re, talked about the impact of the economy and technology  on insurance and workers compensation.  The highlights: There are several factors that has lead to disappointing economic growth the last few years. This includes commodity price bust, slowdown in trade growth and […]

NCCI 2017 State of the Line Report

At the 2017 NCCI Annual Issues Symposium, Chief Actuary Kathy Antonello shared details from NCCI’s analysis of the latest trends and cost drivers in workers’ compensation. The data looks at information for 2016 and compares it to data from 2015. The highlights: P&C Industry Total P&C premiums increased from $514 in 2015 to $527 billion […]

NCCI’s President’s Address

The 2017 NCCI Annual Issues Symposium kicked off with NCCI President and CEO Bill Donnell giving his assessment of the workers’ compensation system and the challenges it faces going forward. One of the goals of NCCI is to help preserve the balance in the system by providing analysis that can be used by all stakeholders […]

NCCI Regulatory and Legislative Trends

At the 2016 NCCI Annual Issues Symposium, Lori Lovgren and Ann Bok from NCCI compiled a report with some interesting statistics about trends in the workers’ compensation industry. The highlights: Between January 1, 2015 and March 5, 2016, NCCI monitored 660 pieces of proposed legislation impacting workers’ compensation from around the country. The key workers’ […]

NCCI State of the Line report

At the 2016 NCCI Annual Issues Symposium, NCCI Chief Actuary Kathy Antonello presented their annual State of the Line Report. The entire State of the Line report can be viewed on the NCCI web site (NCCI.com). Some of the highlights: Total Property Casualty premiums increased 3.3% in 2015.  All lines except Fire and Allied Lines […]

Opening session at NCCI Annual Issues Symposium

NCCI President and CEO Bill Donnell kicked off the 2016 NCCI Annual Issues symposium with his observations of the workers compensation industry. The theme for NCCI AIS this year is Channeling Change: Meeting the Challenges of an Evolving Market. Bill is the new CEO of NCCI this year so he started with some observations from […]

WCRI and CWCI Studies on Medical Costs and Drivers

At the 2015 NCCI Annual Issues Symposium, Richard Victor, president and ceo of the Workers’ Compensation Research Institute (WCRI), and Alex Swedlow, president of the California Workers’ Compensation Institute (CWCI), presented insights from their research on medical cost drivers. Below are the highlights: Physician Dispensing There are only 8 states that either prohibit or significantly […]

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