In response to the recent enactment of the Illinois workers’ compensation reform measure, House Bill 1698, workers’ compensation insurance database manager National Council on Compensation Insurance Inc. filed for an 8.8 percent decrease in voluntary advisory insurance rates in Illinois. According to the Illinois Workers’ Compensation Commission, upon approval by the Illinois Department of Insurance the lower rates will take effect Sept. 1, 2011.
The IWCC also noted that the Department of Insurance is establishing a process by which payers may gain approval to function as a Preferred Provider Program (PPP) in workers’ compensation. Approval as a PPO for health care is not the same as approval as a PPP for workers’ compensation.
Source: IWCC
Was this article valuable?
Here are more articles you may enjoy.
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Judge Approves $117.5 Million Settlement in ‘Complex’ Comcast Data Breach Case 
How One Florida Gas Station Worker Allegedly Defrauded Progressive of $44,700 
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
