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.
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
US Climate Prediction Center Sees 69% Chance of Historic El Niño 
Rhine River Shipping Stalls as Water Level Hits Record Low 
Typhoon Season Forecast to Be Among Most Intense Ever for Asia 
