National Council on Compensation Insurance (NCCI) News

South Carolina Orders Rate Revision for State Workers’ Comp Plan

South Carolina Insurance Director Raymond Farmer approved an overall revision of +1.9 percent to the state’s voluntary workers’ compensation policy loss costs and a decrease of .3 percent in the assigned risk rate level results for the state’s workers’ comp …

West Virginia to See Decrease in Workers’ Comp Premiums

Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the program was privatized in 2006. …

Agents Need to Know: Texas Workers’ Comp E-Mods Changing

The number 1.00 means different things to different people. In baseball, 1.00 represents a perfect batting average. But in college, a 1.00 grade point average is about as bad as it gets. In workers’ compensation, a 1.00 experience modifier, or …

How On-Demand Economy Is Changing Workers’ Compensation

The workers’ compensation industry must contend with a fast-growing on-demand economy where jobs are filled via apps and more employees are temporary contractors. “Technology is changing how we think about jobs,” Dr. Robert Hartwig, president of the Insurance Information Institute …

NCCI Named Plan Administrator for Tennessee Workers Comp Insurance Plan

The Tennessee Department of Commerce and Insurance (TDCI) has chosen the National Council on Compensation Insurance (NCCI) as the new plan administrator for the Tennessee Workers Compensation Insurance Plan (TWCIP). Beginning with policies effective July 1, 2015, NCCI will administer …

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 …