Residual Market Assignment Statistics

Posted Date: November 20, 2018
    

Residual Market application and premium plan activity in 2018 over 2017 for those accounts unable to find coverage in the voluntary workers compensation insurance market.

Third Quarter 2018 vs. Third Quarter 2017
  • Number of new assignments is down 9.2%
  • New assigned premium is down 17.7%
YTD 2018 vs. YTD 2017
  • Number of new assignments is down 7.6%
  • New assigned premium is down 11.0%

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.