National Council on Compensation Insurance (NCCI) News

Missouri Insurance Department Expects Lower Workers’ Comp Insurance Rates

Missouri insurance regulators say employers in that state should see lower workers’ compensation insurance rates for the third straight year in 2017. The Missouri Department of Insurance says the National Council on Compensation Insurance (NCCI) has proposed an overall decrease of …

Texas Seeking Employer Representative for Workers’ Comp Appeals Panel

The Texas Department of Insurance is seeking an employer representative to serve on the Texas Workers’ Compensation Appeals Panel. The panel resolves policyholder disputes with insurance carriers that are referred by the National Council on Compensation Insurance (NCCI). The panel …

Louisiana Workers’ Comp Insurance Rates Set to Decline Again

Commissioner of Insurance Jim Donelon reports that Louisiana businesses are expected to see a decrease in their workers’ compensation rates in 2016. The National Council on Compensation Insurance (NCCI) recently proposed an overall decrease of 2.7 percent for Louisiana employers …

Swiss Re America’s Donnell to Succeed Klingel as NCCI CEO

William E. Donnell, president for Swiss Re America’s U.S. property and casualty reinsurance, will become the new president and chief executive officer of the National Council of Compensation Insurance, NCCI announced. Donnell will assume the position at NCCI effective Dec. …

Tennessee Dissolves Residual Workers’ Comp Reinsurance Plan

The Tennessee Workers Compensation Insurance Plan (TWCIP) reinsurance mechanism has been dissolved as part of the state’s transition to the National Council on Compensation Insurance (NCCI) as the new residual workers compensation administrator, according to a bulletin from Tennessee Insurance …

Workers’ Comp Loss Costs Fall Again in Oklahoma

Workers’ compensation rates in Oklahoma are expected to drop in 2016, the Oklahoma Insurance Department announced. The National Council on Compensation Insurance (NCCI) filed an overall loss cost decrease of 14.8 percent. This is the third straight year rates have …

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 …