The Virginia State Corporation Commission will consider a request to raise workers’ compensation premiums at a meeting in October.
The National Council on Compensation Insurance Inc. (NCCI), a rate service organization that represents insurers, requested the meeting.
NCCI is proposing an increase in the overall premium level for the industrial, federal, surface coal mine and underground coal mine classifications in both the voluntary market and assigned risk plan.
The largest increases would be in surface coal mining, where rates would rise 17.6 percent for the voluntary market and 18.1 percent for assigned risks.
The proposed changes would become effective in April.
Was this article valuable?
Here are more articles you may enjoy.
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
