For the second straight year, workers’ compensation loss costs used by insurers to determine rates for employers will show an overall decrease in Oklahoma. The National Council on Compensation Insurance (NCCI) has filed an overall loss cost level decrease of …
Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report released today by the National Academy of Social Insurance (the Academy). This growth in …
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 …
Delaware Insurance Commissioner Karen Weldin Stewart announced today that she has approved the re-submission of the Delaware Compensation Rating Bureau (DCRB) workers’ compensation rate filing regarding the residual market rate and the voluntary market loss cost. The commissioner and Ratepayer …
Maine Gov. Paul R. LePage and Insurance Superintendent Eric Cioppa announced Thursday that the Bureau of Insurance has approved the National Council on Compensation Insurance Inc.’s (NCCI) 2014 loss cost for Maine, filed earlier this month, which proposed a premium …
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 …
