National Council on Compensation Insurance (NCCI) News

Maryland Insurance Administration Approves Temporary Rule Change for Workers’ Comp

The Maryland Insurance Administration has reviewed and approved a filing from its authorized workers’ compensation rating organization, the National Council on Compensation Insurance (NCCI), regarding a temporary rule change for workers’ compensation insurance. This comes after the administration issued a …

Layoffs, Small Business Exits Likely Major Coronavirus Effects on Workers’ Comp: NCCI

A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers’ compensation, a rise in business failures could pose a major challenge later. Unemployment claims for the …

NCCI Moves Workers’ Compensation Issues Symposium Online for May 12

The workers’ compensation rating and information organization National Council on Compensation Insurance (NCCI) said it is converting its Annual Issues Symposium from a live to a virtual event due to the coronavirus pandemic. NCCI said it will hold its AIS …

Tennessee Approves 7% Decrease for Workers’ Comp Rates

Workers’ compensation rates in Tennessee will go down again next year, marking the seventh consecutive year of decreases, according to the Tennessee Department of Commerce and Insurance. Commissioner Hodgen Mainda approved a 7.1 percent overall loss cost decrease for 2020 …

1.6% Workers’ Comp Rate Decrease Recommended for Missouri in 2020

The Missouri Department of Commerce and Insurance is recommending a 1.6 percent decrease in workers’ compensation insurance loss costs for 2020. This marks the sixth year in a row that average workers’ compensation rates will decrease. The 1.6 percent decrease …

Workers’ Comp Rate Decrease Approved for Louisiana

A filing by the National Council on Compensation Insurance (NCCI) that would reduce workers’ compensation insurance rates in Louisiana by 8.4% next year has been approved by Louisiana Insurance Commissioner Donelon. According to the Louisiana Department of Insurance, the decrease, …

Regulator Orders Further Decrease to Proposed Florida Workers’ Comp Rates

Florida businesses can expect an even greater decrease in workers’ compensation insurance next year, thanks to an order by the state regulator for a further decrease to the recent rate filing proposed by the National Council on Compensation Insurance (NCCI). …

Workers’ Comp Loss Costs to Drop 5% in Oklahoma Next Year

A 5.1% percent decrease in workers’ compensation insurance loss costs in Oklahoma for 2020 has been approved by Insurance Commissioner Glen Mulready, the state insurance department announced. Loss costs are the average cost of lost wages and medical payments of …

NCCI Proposes 5.4% Decrease in Florida Workers’ Comp Rates

Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators. Carrier results continue to be favorable in the segment thanks to many …

Workers’ Comp Relativities Are Obsolete, TDI Says

In its 2018 Biennial Report, the Texas Department of Insurance has recommended that lawmakers delete from state statute references to classification relativities as an alternative basis for workers’ compensation rates. The department noted that “‘Classification relativities’ are designed to establish …