National Council on Compensation Insurance (NCCI) News

Texas to Hold Hearing on Request to Extend Work Comp Experience Modifier Deadline

The Texas Department of Insurance will hold a public hearing on the petition by the Independent Insurance Agents of Texas to extend the expiration date of negotiated experience modifiers in the National Council on Compensation Insurance (NCCI) Experience Rating Plan …

South Carolina Notifies Insurers of Workers’ Comp Loss Cost Updates, Filing Requirements

South Carolina has alerted insurers of several changes to loss costs for the state’s voluntary and assigned risk workers’ compensation markets, and has issued a requirement that updated loss cost multipliers be filed in response to the recent termination of …

South Dakota Selects Technology Insurance as Workers’ Comp Servicing Carrier

The South Dakota Division of Insurance has selected Technology Insurance Co., as the workers’ compensation assigned risk plan carrier effective Jan. 1, 2018. Technology Insurance will service the plan for five years. A competitive bidding process was conducted to select …

Kansas Workers’ Comp Rates to Decrease in 2018

Kansas Commissioner of Insurance Ken Selzer announced that workers’ compensation insurance rates on average will drop in his state in 2018. The National Council on Compensations Insurance Inc. (NCCI) filing for the 2018 workers’ compensation rate shows a decrease of …

Workers’ Comp Loss Costs to Fall 16.3% in Oklahoma Next Year

Workers’ compensation loss costs for 2018 will decrease by 16.3 percent in Oklahoma according to a filing by the National Council on Compensation Insurance (NCCI), the Oklahoma Workers’ Compensation Commission (WCC) reported. Loss costs are an insurance industry term for …

NCCI Files 12% Decrease for Tennessee Workers’ Comp Loss Costs

Workers’ compensation rates in Tennessee are going down again next year. The Tennessee Department of Commerce and Insurance (TDCI) announced this week that the National Council on Compensation Insurance (NCCI) is seeking a loss cost reduction of over 12 percent …

NCCI Files 10% Reduction in Workers’ Comp Loss Costs for West Virginia

West Virginia employers will see a projected $21 million reduction in workers’ compensation premiums in the coming year, according to a recent statement from Gov. Jim Justice. The National Council on Compensation Insurance (NCCI) has filed a proposed reduction of …

Illinois Senate Passes Bills Requiring Work Comp Pre-Approval, Creating Nonprofit Insurer

The Illinois Senate has passed two workers’ compensation measures — one that would require companies writing workers’ comp insurance to get state approval for the rates they charge, and another that creates a nonprofit company — with government oversight — …

Alabama Workers’ Compensation Act to Remain in Place, For Now

Alabama’s workers’ compensation law, ruled unconstitutional by a county judge last week, will remain in effect for the immediate future. The Alabama judge who on May 8 declared the state’s workers’ compensation act unconstitutional has issued an indefinite stay to …

Manufacturing’s Share of Workers’ Comp Premium Is High Relative to Exposure: NCCI

In 2016 in the United States, the manufacturing sector produced nearly 72 percent more goods than in 1990, but manufacturers achieved that milestone with only about 70 percent of the workers that were on factory floors two and a half …