Residual Market application and premium plan activity in 2017 over 2016 for those accounts unable to find coverage in the voluntary workers compensation insurance market.
Third Quarter 2017 vs. Third Quarter 2016
- Number of new assignments is down 4.2%
- New assigned premium is down 3.0%
- Number of new assignments is down 1.9%
- New assigned premium is down 4.6%
These figures will vary from state to state. In addition, changes to Servicing Carriers and Direct Assignment Carriers in a particular state may impact the volume of applications received, as employers may have to reapply for coverage in those states’ Workers Compensation Insurance Plans. See the
State Activity Reports for the latest residual market information by state.