The New Hampshire Insurance Department has approved a voluntary loss cost change with an average increase of 2.5 percent beginning Jan. 1, 2005.
The increase is in line with that requested in a filing on behalf on workers’ compensation insurers in the state by the National Council on Compensation Insurance (NCCI).
For the residual market, state officials agreed to a loss cost multiplier change from 1.525 to 1.621, also effective Jan. 1, 2005.
Was this article valuable?
Here are more articles you may enjoy.
Florida Bill Passes, Easing Agency Customer Reps’ Education Requirements 
US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover 
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
