A coal company owned by West Virginia’s governor has been found in contempt of court and must face fines of $2,500 a day until it pays its contractual obligations to its workers’ compensation insurance carrier, a federal judge decided. BrickStreet …
West Virginia employers will see a projected $21 million reduction in workers’ compensation premiums in the coming year, according to a recent statement from Gov. Jim Justice. The National Council on Compensation Insurance (NCCI) has filed a proposed reduction of …
Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the program was privatized in 2006. …
The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers’ compensation loss cost rates in West Virginia – the tenth reduction in 10 years. NCCI, West Virginia’s rating agent, has proposed an overall 9.1 percent loss …
Workers’ compensation loss costs are going down in West Virginia for the ninth consecutive year since the market was privatized. The National Council on Compensation Insurance (NCC), which files rates on behalf of insurers, filed a proposed 8.8 percent overall …
BrickStreet Insurance is still the dominant workers’ compensation insurer in West Virginia, despite competition from more than 200 other companies. The Legislature created BrickStreet in 2005 to replace what had been a state-run system. It spun off as a private …
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 …
