Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year. Quinn announced Wednesday the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees …
The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers’ compensation loss cost rates with in West Virginia – the tenth consecutive reduction in 10 years. NCCI, West Virginia’s rating agent, has proposed an overall 9.1 …
South Carolina employers could see their workers’ compensation premiums go down later this year after regulators approved an average 7.4 percent decrease in the state’s loss costs. Director of Insurance Ray Farmer has approved the new rates, which are scheduled …
In late March 2014, Texas Insurance Commissioner Julia Rathegeber approved a staff petition to adopt the National Council on Compensation Insurance (NCCI) Basic Manual, with Texas exceptions, and the national and Texas-specific endorsements and forms in the NCCI Forms Manual. …
Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance will decrease in Louisiana effective May 1, 2014. Commissioner Donelon recently approved a 5.1 percent decrease in workers’ compensation loss costs submitted by the National Council on …
A new study from the National Council on Compensation Insurance (NCCI) provides NCCI’s latest frequency change estimate for Accident Year 2012 and examines the effect of the recession on frequency changes by various claim and employer characteristics. The Great Recession …
An annual filing most insurance carriers will use to develop rates for workers’ compensation insurance shows a dramatic decrease in loss costs, announced Oklahoma Insurance Commissioner John D. Doak. The overall loss cost decrease of 14.6 percent takes effect Jan. …
Workers’ compensation loss costs are going down in West Virginia for the ninth consecutive year since the market was privatized. The National Council on Compensation Insurance (NCC), which files rates on behalf of insurers, filed a proposed 8.8 percent overall …
A reworking of a key piece of the workers’ compensation rating formula isn’t changing rates overall but is changing premiums for most insureds, according to experts. Tony DiDonato, director and senior actuary at the National Council on Compensation Insurance, the …
Workers’ compensation claim frequency declined slightly in 2011, by a modest one percent, after increasing in 2010 for the first time in more than a decade. According to the industry’s rating and statistical organization NCCI Holdings, frequency declined in 2011 …