NCCI News

Connecticut Insurance Department Approves NCCI Workers’ Comp Rate Filing

Connecticut Insurance Department Commissioner Katharine L. Wade announced that the department has approved a rate filing from the National Council on Compensation Insurance (NCCI) that decreases workers’ compensation insurance rates nearly 11 percent. “This marks the third straight year that …

Former Vermont Regulator Donegan Joins NCCI as Chief Regulatory Services Officer

Susan Donegan has been named as the new chief regulatory services officer for the NCCI. Donegan assumed the position on Sept. 19, and succeeds Helen Westervelt, who announced her retirement in January of this year. Westervelt remained at NCCI through …

NCCI Seeks to Raise Florida Workers’ Comp Rates by 17% in Light of Court Ruling

Florida businesses could soon be paying almost 20 percent more for workers’ compensation coverage. In response to a recent decision from the Florida Supreme Court, the National Council on Compensation Insurance (NCCI) filed a 17.1 percent rate increase with the …

Workers’ Compensation Market Improved, Grew Premium in 2015: NCCI

The workers’ compensation market is healthy and profitable. This year’s “State of the Line” report, published by the National Council of Compensation Insurance (NCCI), indicates that the workers’ compensation calendar year 2015 combined ratio for private carriers was 94 percent. …

NCCI Sees Stable Trends in New England

The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating and statistical organization. “Overall, the NCCI …

Maryland’s Chesapeake Employers to Begin Phasing in NCCI Rates in 2020

Chesapeake Employers’ Insurance Company, Maryland’s largest writer of workers’ compensation insurance, announced its plan to phase in the National Council on Compensation Insurance’s (NCCI) rating methodology and other changes as required by state legislation enacted in 2015. Chesapeake Employers President …

Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease

Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss costs. An average decrease of 4.2 percent for workers’ …

Virginia Approves 3.4% Overall Increase in Workers’ Comp Loss Costs

The Virginia State Corporation Commission (SCC) announced Tuesday the approval of revisions to the premium levels charged for workers’ compensation insurance in Virginia. The revisions will result in an overall average increase of 3.4 percent for voluntary market loss costs …

Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%

The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the National Council on Compensation Insurance (NCCI) submitted additional …

NCCI Requests Review of Disapproved Florida Rate Filing

The National Council on Compensation Insurance (NCCI) has submitted a request to the Florida Office of Insurance Regulation (OIR) to consider supplemental information in regards to its recent workers compensation rate filing that Florida Insurance Commissioner Kevin  McCarty said would …