National Council on Compensation Insurance (NCCI) News

Florida Approves 13.8% Workers’ Comp Rate Decrease

A revised workers compensation rate filing for a 13.8 percent decrease by the National Council on Compensation Insurance has been approved by Florida Insurance Commissioner David Altmaier. The amended filing to NCCI’s August rate request of 13. 4 percent was …

Tennessee Approves 19% Decrease in Workers’ Comp Rates

Workers’ compensation rates in Tennessee will decrease by nearly 20 percent next year, marking the sixth consecutive year of decreases, according to a statement from the Tennessee Department of Commerce and Insurance. TDCI Commissioner Julie Mix McPeak approved a 19 …

Florida Workers’ Comp Rates to Decrease by Double-Digits in 2019

Florida workers’ compensation rates are going down again next year, the third decrease in the two years since significant Florida Supreme Court decisions created concern and uncertainty over future of the state’s workers’ comp system. According to an order from …

West Virginia Workers’ Comp Rates to Decrease Nov. 1

Workers’ compensation rates will soon be less expensive for businesses in West Virginia. According to West Virginia Insurance Commissioner Allan McVey, a filing for a 13 percent decrease in voluntary market loss costs by the National Council on Compensation Insurance …

Exploring the Jump in Mega Workers’ Compensation Claims

Mega workers’ comp claims – losses exceeding $10 million – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). It’s unclear if this is a one time occurrence or a new trend for …

19% Workers’ Comp Rate Decrease Proposed for Tennessee

The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to the state’s workers’ compensation system were passed in 2013. …

NCCI Proposes 13% Rate Decrease for Florida Workers Comp, Notes Future Challenges

Florida businesses could see another significant rate decrease in workers’ compensation rates next year if Florida regulators approve the latest filing from the National Council on Compensation Insurance (NCCI). But the recent trend of lower rates may not last for …

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 …