National Council on Compensation Insurance News

NCCI Proposes Workers’ Comp Loss Costs Decrease in N.H.

The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the New Hampshire Insurance Department. NCCI said that based upon its review of the most recently available data, it has proposed for New Hampshire …

Virginia Sets Hearing on Workers’ Comp Premium Level Adjustments

Virginia’s State Corporation Commission (SCC) has scheduled an October hearing to consider a request filed by the National Council on Compensation Insurance Inc. (NCCI) to adjust the premium levels charged for workers’ compensation insurance. NCCI has proposed a decrease in …

R.I. Approves WC Advisory Loss Costs Increase of 2.5% for Industrial Classes

Rhode Island’s Department of Business Regulation, Insurance Division, on May 15 approved a +2.5 percent overall increase in advisory loss costs for workers’ compensation for industrial classes and an overall increase of +5.4 percent for “F” classes. The approved increases …

Small Increase in Nevada Workers’ Comp Loss Costs In 2014

Many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance this year. The average premium increase in the voluntary market will be about 3.2 percent. Nevada employers who purchase their workers’ comp insurance …

Missouri Regulator Shaves Workers’ Compensation Loss Costs Hike to 10.1%

The Missouri Department of Insurance is recommending a 10.1 percent increase in workers’ compensation loss costs for next year, a lower increase than that suggested by the National Council on Compensation Insurance. The NCCI had recommended an 11.6 percent increase …

NCCI Proposes Increase for Workers’ Comp Loss Costs in Rhode Island

The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Rhode Island Department of Business Regulation. Based upon its review of the most recently available data, NCCI has proposed on Nov. 25 an …

Virginia SCC Approves Revisions to Workers’ Comp Premium Levels

Virginia’s State Corporation Commission (SCC) last week approved revisions to the premium levels charged for the state’s workers’ compensation insurance. Workers’ compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers are required to …

Florida Approves NCCI’s Revised Filing for 0.7% Workers’ Comp Rate Increase

Florida’s Office of Insurance Regulation recently issued a final order approving the rate increase of 0.7 percent for workers’ compensation rates in Florida. The approval was issued after the National Council on Compensation Insurance (NCCI) resubmitted a corrected rate filing …

Connecticut Approves NCCI’s 3.2% WC Loss-Cost Increase Filing

Connecticut regulators this week approved the National Council on Compensation Insurance’s workers’ compensation filing for an overall +3.2 percent change for voluntary market advisory pure premium loss costs and an overall +5.7 percent change in assigned risk plan rates. NCCI …

Florida Regulators Disapprove NCCI’s 1% WC Rate Increase Proposal

Florida Insurance Commissioner Kevin McCarty today issued an order notifying the National Council on Compensation Insurance (NCCI) that its 1-percent proposed annual rate filing increase in Florida’s workers’ compensation insurance rates has been disapproved. The Florida Office of Insurance Regulation …