February 2015 -Western Growers to Facilitate Industry Innovation

For the first time since 2006, the workers’ compensation insurance industry reached profitability.  The National Council on Compensation Insurance recently announced that the industry last year had a “combined ratio” of 96 percent for 2014, which means that for every dollar the industry received in premium, it paid out 96 cents in claims and expenses; or it made four cents on each dollar of premium.

Greg Nelson

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