workers’ compensation rates News

Penn. Workers’ Comp Insurance Rates to Decline for Some Employers

The Pennsylvania Departments of Insurance and Labor & Industry on Monday announced a 5.15 percent workers’ compensation rate reduction, effective April 1. The officials said the reduction would save millions of dollars for many Pennsylvania employers. The rate reduction is …

N.H. Gov.: Businesses Need Relief From Rising Workers’ Comp Costs

New Hampshire’s businesses need relief from rising workers’ compensation costs and more access to capital investment partners. That’s the message from New Hampshire Gov. Maggie Hassan who urged lawmakers in her State of the State address on Feb. 6 to …

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 …

Virginia SCC Approves Revisions to Workers’ Comp Premium Levels

Virginia’s State Corporation Commission (SCC) last week approved revisions to the premium levels charged for the state’s workers’ compensation insurance. Workers’ compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers are required to …

Florida Approves NCCI’s Revised Filing for 0.7% Workers’ Comp Rate Increase

Florida’s Office of Insurance Regulation recently issued a final order approving the rate increase of 0.7 percent for workers’ compensation rates in Florida. The approval was issued after the National Council on Compensation Insurance (NCCI) resubmitted a corrected rate filing …

Workers’ Comp Costs Could Rise for Missouri Businesses

Missouri businesses could face significantly higher costs for workers’ compensation insurance next year, due partly to a new law that seeks to shore up a financially troubled state fund for disabled workers. Workers’ compensation insurers in Missouri are likely to …

Insurers Seek 1% Increase in Florida Workers’ Comp Rates

Florida’s employers can look forward to little, if any, change in their 2014 workers’ compensation rates as the state’s industry-backed rating agency has filed for a modest statewide average 1 percent rate increase. The industry’s National Council on Compensation Insurance …

Delaware Workers’ Compensation Panel Meets

A state panel looking at soaring workers compensation rates in Delaware is considering a two-year freeze on inflation-based fee increases for medical providers. The proposal is one of several the panel was to consider at its meeting on April 19 …

Delaware Workers Compensation Panel Continues Work

A state panel looking at soaring workers compensation rates in Delaware is considering whether injured workers should be paid total disability benefits for 90 days even if they can perform light duty in the workplace. The proposal is one of …

Cuomo: Workers’ Comp Reform to Bring $800M Savings to N.Y. Employers

New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently passed state budget. At …