Regulatory Environment

The Eleven-Year Lucky Streak Just Tightened: Reading NCCI’s 2025 State of the Line

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Business figures walk a tightening rope, illustrating NCCI's 2025 State of the Line and workers' comp's narrowing margins at AIS 2026.

NCCI’s 2025 State of the Line marked the twelfth consecutive year of underwriting gains for workers’ compensation, but the underlying math tightened. Combined ratios rose five points. Accident year crossed 100. Reserve redundancy slipped to $14 billion. Senior Solutions Advisor Ryan Smith reads what these shifts mean for 2026 planning.

Twelve Years In, the Story Just Got More Honest: Five Threads to Pull from AIS 2026

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Pop-art hands take notes on paper, illustrating True's AIS 2026 workers' comp recap from NCCI's Orlando symposium.

Ryan Smith just got back from NCCI’s Annual Issues Symposium in Orlando. The twelfth straight year of underwriting profitability for workers’ compensation held. The rooms in Orlando sounded different about it. True’s Amy Sliger walks through five threads from AIS 2026 worth pulling on as carriers head into 2026.