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Message from Stephen J. Klingel, CPCU 
President and CEO
NCCI Holdings, Inc.
NCCI's 2009 Workers Compensation Issues Report is published at a time of historic changes. We've assembled a collection of industry experts—including NCCI authors—to examine market issues, offer perspective, and provide outlook for the year ahead in the workers compensation insurance market.
Among the topics examined:
- Updated market results from NCCI's exclusive State of the Line report, delivered in May
- A look at the national financial crisis—and implications for our industry—from Bob Hartwig, president of the Insurance Information Institute
- Reflections on the reformed Florida workers compensation market from Tanner Holloman, director of the Florida Division of Workers' Compensation
- A forecast for state-based activities aimed at workers compensation legislation and reform throughout the country
- Our observations on how recessions have impacted the workers compensation markets in the past and what might be expected this time
We trust you will find these articles and the other market information contained here both useful and informative.
As always, additional industry research, analysis, and issues overviews are available at ncci.com throughout the year.
Stephen J. Klingel
President and CEO
NCCI Holdings, Inc.
Issues Report
is produced by the National Council on Compensation Insurance, Inc. (NCCI), 901 Peninsula Corporate Circle, Boca Raton, Florida 33487.
Issues Report provides a forum for the expression of various opinions on subjects relating to workers compensation insurance. The opinions expressed in the articles are the opinions of the authors and do not necessarily express the views of the National Council on Compensation Insurance, Inc. Materials contained in Issues Report are subject to copyright claims and other proprietary rights. Material may be used for research or other noncommercial purposes. We ask that you observe the following conditions:
- Cite individual author and Issues Report when using the materials
- Do not abridge or edit material in any way that may alter the authors' intentions
Any commercial use of these materials requires explicit, prior authorization from NCCI.
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NCCI's Workers Compensation 2009 Issues Report Articles |
Workers Compensation Market Outlook—2009  (684KB) |
By Stephen J. Klingel, CPCU
President and CEO
NCCI Holdings, Inc. At our Annual Issues Symposium in May 2008, NCCI delivered a cautiously optimistic outlook for the workers compensation industry. But looking back at economic forecasts and numbers presented in the Spring of last year can be a sobering practice.
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Financial Crisis and the Future of Workers Compensation: 2009 and Beyond (818 KB) |
By Robert P. Hartwig, PhD, CPCU
President
Insurance Information Institute The global economic meltdown of 2008 has often been likened to the Great Depression. Generally speaking, that analogy is incorrect. More than a year and a half into the crisis, employment, wages, prices—even stock prices—have held up much better today than they did in the 1930s.
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What Does Recession Mean for Workers Compensation ? (826 KB) |
By Harry Shuford, PhD
Chief Economist
NCCI Holdings, Inc.
Employment has plummeted, financial markets are in disarray, politicians and pundits are proclaiming a "global financial crisis." Indeed, at 12 months, the length of the current recession in the United States already exceeds seven of the nine economic downturns of the past 60 years.
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2009 Legislative and Regulatory Outlook (632 KB) |
By Peter Burton, CPCU, AU
Senior Division Executive
State Relations, NCCI Holdings Looking forward to the 2009 state legislative sessions, NCCI anticipates another active and challenging year for workers compensation.
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Accountability Comes First in Florida's Self-Executing System (548 KB) |
By Tanner Holloman
Director
Florida Division of Workers Compensation When Florida enacted comprehensive legislation in 2003 aimed at reducing costs and reversing its status as one of the most expensive workers compensation states, a better self-executing system also emerged, with stakeholder accountability as the cornerstone.
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Vectors of Change: Charting Today's Complex Industry Concerns (709 KB) |
By Bill Thorness, AIC
In an environment defined by change, workers compensation leaders might wish to have more control over the destiny of their industry, but a complex set of factors tugs this vital insurance mechanism in many directions at once.
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Workers Compensation Cost Drivers Through the Years (684 KB) |
By Barry Lipton, FCAS, MAAA
Practice Leader and Senior Actuary
Actuarial and Economic Services Division
And Karen Ayres, FCAS, MAAA Director and Actuary
NCCI Holdings, Inc The modern workers compensation era has its roots in the early 1970s, when the National Commission on State Workmen's Compensation Laws was formed in conjunction with the enactment of the Occupational Safety and Health Act of 1970.
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NCCI Continues to Improve Classification System and Expand On-Site Inspections (711 KB) |
By Ken Brown
Director, Regulatory Assurance
NCCI Holdings, Inc. The establishment and maintenance of a comprehensive classification and inspection system is essential to the proper operation of workers compensation insurance.
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Industry Analysis and Reporting: NCCI Research 2008 (1,011KB) |
2008 Update During 2008, NCCI continued to produce cutting edge industry research on areas of broad market concern and interest. These brief summaries represent just a few of the NCCI research studies now available on ncci.com. - 2008 Prescription Drug Study
- 2008 Workplace Violence Study
- Claim Frequency Down Again in 2007
- Factors Influencing the Growth in Treatments per Claim
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Workers Compensation Legal Briefs (1,337 KB) |
Attorney Charles Tenser examines four of the most discussed legal challenges involving workers comp and reports on the latest court rulings. - Undocumented Workers
- Dual Capacity Doctrine Still Alive, But Not Kicking
- Recent Decisions on the Compensability of Mental Injuries
- Medicare Set-Asides
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