National Council on Compensation Insurance (NCCI) News

Connecticut Eyes 9.8% Cut in Workers’ Compensation Costs

Connecticut workers’ compensation insurers are recommending an overall 9.8% reduction in loss costs in the voluntary market and a 10.5% overall reduction in the assigned risk market. The rate filing submitted to the Connecticut Insurance Department by the insurers’ National …

NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates

The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate filings. The filing, which will …

NCCI Names Fick New Board Chairman, Elects Other Board Members

The National Council on Compensation Insurance has elected Brandon Fick as its new board chairman, replacing Lisa Corless. Fick is chief underwriting officer for Liberty Mutual Global Risk Solutions, North America. He was elected at the NCCI annual meeting in …

NCCI Symposium: Strong Profits for Workers’ Comp, but Medical Still a Concern

While the property/casualty insurance industry overall may have seen a slight loss in profitability in 2022, workers’ compensation continues to be the most profitable line, with a “very healthy” nationwide reserve redundancy level of $17 billion. “The system is healthy …

As NCCI Turns 100, a Look at What’s Now, What’s Next for Workers’ Comp

Editor’s note: This article first ran in Insurance Journal’s sister publication, Carrier Management, earlier this month. It was written by CM Editor Susanne Sclafane. The National Council on Compensation Insurance, which turns 100 years old this year, is headquartered in …

Connecticut Approves 3% Cut in Workers’ Compensation Costs for 2023

Connecticut businesses will see another rate decrease in workers’ compensation insurance beginning on January 1, 2023. The Connecticut Insurance Department has officially approved an average decrease of 3% to workers’ compensation pure premium loss costs in the voluntary market. There …

NCCI: Almost One Quarter of COVID Claimants Suffer Prolonged Symptoms

Nearly a quarter of workers’ compensation claimants who were treated for COVID-19 experienced persistent symptoms or a relapse months later, according to a new study by the National Council on Compensation Insurance. The researchers found workers who were hospitalized for …

NCCI Recommends 8.4% Cut in Florida Workers’ Comp Rates for 2023

The National Council on Compensation Insurance is recommending an average 8.4% cut in workers’ compensation rates for the Florida voluntary market – the seventh straight reduction and double the size of the decrease for this year. The recommendation, which will …

Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’

For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won’t last, and the workers’ comp industry continues to …

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 …