National Council on Compensation Insurance (NCCI) News

Report Sounds Alarm Over Workers With Long-Term COVID-19 Symptoms

About 10% of people who contracted COVID-19 continue to suffer persistent symptoms months later, creating the potential for millions of people to suffer functional impairment for extended lengths of time, according to a report released by the National Council on …

Workers’ Compensation Reserve Redundancy Reaches $14 Billion, Reports NCCI

Workers’ compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released by the National Council on Compensation Insurance. A.M. Best also released a report concluding …

Workers’ Comp Pays More Than Group Health to Treat Similar Injuries: NCCI Study

Workers’ compensation pays more than group health to treat comparable injuries, according to a research brief issued by the National Council on Compensation Insurance. Although the workers’ compensation benefit delivery system is specifically geared to the needs of employers and …

Florida Workers’ Comp Rates Set to Decrease, Again

Florida workers’ compensation rates are set to decline again as the National Council on Compensation Insurance (NCCI) has proposed a statewide rate decrease of 4.9% in the voluntary market. The rates would take effect Jan. 1, 2022 if approved by …

New Hampshire Experiences Continued Stability in Workers’ Comp Market

The New Hampshire Insurance Department (NHID) approved a rate proposal filed by the National Council on Compensation Insurance (NCCI) that will reduce voluntary loss costs by 8% on average. “Over the past several years, the state has worked hard, in …

Workers’ Compensation Numbers Indicate Strong Performance During 2020 Pandemic

Because of job losses and shrinking payrolls during the pandemic recession, the workers’ compensation industry’s net written premium dropped 10% to $42 billion in 2020. However, private insurers posted a profitable calendar year combined ratio of 87, the industry’s fourth …

It Could Have Been Worse. An Update on COVID-19 Impact on Workers’ Compensation.

While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’ compensation insurers and insureds after all. Insurers took in less premium but paid fewer claims. They managed to one of …

Florida Approves 6.6% Rate Decrease to Workers’ Comp Rates

Florida Insurance Commissioner David Altmaier has issued a final order approving the National Council on Compensation Insurance (NCCI)’s filing for a statewide overall decrease of 6.6% for Florida workers’ compensation insurance rates. This applies to both new and renewal workers’ …

Florida Regulator Calls for Further Workers’ Comp Rate Decrease

Florida’s insurance regulator has called for a further decrease to proposed workers’ compensation insurance rates in response to a filing by the National Council on Compensation Insurance (NCCI). In an order issued Oct. 30, Florida Insurance Commissioner David Altmaier said …

Amazon Injuries Could Spark Higher Workers’ Comp Rates for Fulfillment Centers

Injuries in Amazon.com Inc. warehouses could damage more than just the company’s reputation. They could start to hurt the e-commerce giant’s bottom line, as well. Washington state’s workplace safety regulator says workers in Amazon’s highly automated warehouses are injured at …