An expert for the Department of Consumer Affairs has testified in Columbia, S.C. that the Insurance Department and the National Council of Compensation Insurers have not kept tabs on how insurance companies report information.
Martin Simons oversaw insurance rates at the state Insurance Department for 12 years. In his testimony filed Friday he said bad statistical data makes it nearly impossible to determine exactly what rate changes are needed in the state’s workers’ compensation system.
Simons testimony in an administrative law case comes as the Legislature discusses overhauling the state’s workers’ compensation system.
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