National Council on Compensation Insurance News

Florida Regulators Consider NCCI Request for 3.3% Rate Decrease

Florida’s workers’ compensation insurers rating agency says its request for a 3.3 decrease in rates reflects a stable market, although it cautioned that pending court cases could severely impact the state’s system. The National Council on Compensation Insurance initially filed …

NCCI Proposes Workers’ Comp Loss Cost Decrease in Connecticut

The National Council on Compensation Insurance (NCCI) recently proposed an overall average change in voluntary loss cost level of -0.6 percent in Connecticut. Key components for the proposed change include -0.4 percent for experience and trend, -0.2 percent for benefits, …

Kentucky Workers’ Comp Loss Costs to Decrease Overall for 9th Straight Year

In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will show an overall decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark announced today that the state’s Department of Insurance has …

NCCI Proposes Average Workers’ Comp Rate Decrease of 2.5% in Florida

Florida’s Office of Insurance Regulation announced it received the 2015 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average rate decrease of 2.5 percent — the first decrease in four years. …

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 …