National Council on Compensation Insurance (NCCI) News

Missouri DOI Recommends Workers’ Comp Rate Decrease

The Missouri Department of Insurance is recommending a 4.4 percent decrease in workers’ compensation insurance loss costs for 2015. The key driver of the decrease is the favorable loss experience in 2012, according to the department. “A decrease in large …

Workers’ Comp Loss Costs Declining Again in Oklahoma

For the second straight year, workers’ compensation loss costs used by insurers to determine rates for employers will show an overall decrease in Oklahoma. The National Council on Compensation Insurance (NCCI) has filed an overall loss cost level decrease of …

South Carolina Workers’ Compensation Loss Costs Cut

South Carolina employers should see their workers’ compensation premiums go down this year since regulators have approved an average 7.4 percent decrease in the state’s loss costs. Director of Insurance Ray Farmer approved the new rates, which are scheduled to …

Good News for Workers’ Compensation Industry: NCCI

The fact that the workers compensation combined ratio was 101 in 2013, a seven-point decrease from 2012 and a 14-point decline since 2011, is a sign that the workers’ compensation market is returning to a state of “balance,” according to …

Texas Likely to Become an ‘NCCI State’ for Workers’ Comp; Question Is – When?

Texas will be privatizing many functions in its workers’ compensation system if 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 …

Commissioner: Louisiana Workers’ Comp Insurance Rates to Decrease

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 …

Workers’ Comp Rate Cut Recommended for Louisiana

A national group is recommending that the state of Louisiana cut workers’ compensation rates by 5 percent because of fewer workplace claims among other factors. The Times-Picayune reports the National Council on Compensation Insurance has filed documents with the Louisiana …

Workers’ Compensation Loss Costs Going Down Again in Kentucky

Workers’ compensation loss costs used by insurers in figuring rates to charge employers are going down for the eighth straight year. The loss cost figures show an average reduction of 7.9 percent for the 590 industrial classes used in Kentucky, …

NCCI Files for 4.5% Decrease in Illinois Work Comp Advisory Rates

The National Council on Compensation Insurance (NCCI) has filed for an 4.5 percent decrease in voluntary advisory insurance rates in Illinois, effective Jan. 1, 2014. The Illinois Workers’ Compensation Commission noted the filing follows a 3.8 percent decrease in 2013. …