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. …
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 …
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 …
West Virginia employers’ rates for workers’ compensation are heading down again after regulators approved a statewide average 9.1 percent decrease in loss cost rates. Insurance Commissioner Michael D. Riley approved the filing submitted last month by the National Council on …
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 …
The aging workforce may not have the negative impact on loss costs that workers’ compensation insurers have feared. New research from the industry’s National Council on Compensation Insurance (NCCI) also concludes that while loss costs are higher for older workers …
West Virginia employers would continue to benefit from lower workers’ compensation rates if the state agrees with an industry filing that loss costs be cut by 8.1 percent. Since the state privatized its workers’ compensation system in 2006, after operating …
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