West Virginia insurance regulators have put black lung premium increases on hold.
The National Council on Compensation Insurance asked Insurance Commissioner Jane Cline’s office in May to increase rates for black lung losses incurred by insurers. The council requested a 44.9 percent increase for surface mining and a 44.6 percent hike for underground mining.
Tonya Gillespie with the insurance commissioner’s office says the council has since received another year of data.
The increases were expected to go into effect July 1. Gillespie says they’re on hold while the council reviews the latest data.
The increases stem from federal legislation that made it easier for coal miners or miners’ widows to get compensation for black lung.
Topics Pricing Trends Virginia
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