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 …
More data is power, but then again knowledge goes only so far – especially in workers’ compensation. A report out on Tuesday shows continued workers’ comp rate decreases on average countrywide through 2011, but don’t expect that to continue, one …
Thanks to rising medical costs many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance this year, according to the Nevada Division of Insurance. The average premium increase in the voluntary market will …
Traffic accidents are a leading cause of high-severity workers’ compensation injuries. Moreover, they are pervasive; indeed, a 2006 study by the National Council on Compensation Insurance (NCCI) noted that even the clerical classification has surprisingly high exposure to traffic accidents. …
Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation insurance rates in Florida. The decision was based the National Council on Compensation Insurance rate filing and …
A proposed statewide average 6.1 percent increase in Florida’s workers’ compensation rates could spur the first major legislative changes in the state’s system since 2003. The likely targets of reforms include physician-repackaged drugs and hospital costs, which the industry says …
The National Council on Compensation Insurance recently filed a proposal for workers’ comp loss costs and rates increases in Connecticut.The NCCI is proposing that the Connecticut regulators approve a +7.1 percent change to the current voluntary loss costs, which went …
Florida employers may see their workers’ compensation rates increase as the National Council on Compensation Insurance announced it is seeking a statewide average 6.1 percent rate hike on behalf of insurers. If approved, the NCCI filing would mark the third …
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 …
Many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance in 2012. Nevada Insurance Commissioner Scott J. Kipper has approved a filing from the National Council on Compensation Insurance (NCCI) for an average …
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