The New Hampshire Insurance Department reported that a number of businesses should begin getting workers’ compensation insurance refunds beginning next month.
The workers compensation rating organization, the National Council on Compensation Insurance, is recalculating the rates because of errors in reporting income for many occupations, including loggers, drivers in many industries, wallboard installers and hotel restaurant workers.
Insurance Commissioner Roger Sevigny said he will order the rate adjustments and refunds as soon as the National Council on Compensation Insurance recalculates its rates.
Similar recalculations resulted in refunds to employers in Maine and Vermont.
The state says the refunds will be paid for various occupations for 2003, 2004 and 2005, and could range from $10 to more than $5,000.
The state said refunds of $5,000 or more will go to about five employers; refunds of between $1,000 and $5,000 will go to about 45 policyholders; and refunds of between $500 and $1,000 will go to another esimated 60 employers.
Was this article valuable?
Here are more articles you may enjoy.
Progressive Gains as Drivers Shop Around for Auto Insurance—Again 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud 
