NCCI Recommends 8.4% Cut in Florida Workers’ Comp Rates for 2023 August 25, 2022 The National Council on Compensation Insurance is recommending an average 8.4% cut in workers’ compensation rates for the Florida voluntary...
Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’ May 11, 2022 By William Rabb For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in...
Report Sounds Alarm Over Workers With Long-Term COVID-19 Symptoms November 1, 2021 By Jim Sams About 10% of people who contracted COVID-19 continue to suffer persistent symptoms months later, creating the potential for millions of...
Workers’ Compensation Reserve Redundancy Reaches $14 Billion, Reports NCCI October 4, 2021 By Jim Sams Workers’ compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to...
Workers’ Comp Pays More Than Group Health to Treat Similar Injuries: NCCI Study September 29, 2021 Workers’ compensation pays more than group health to treat comparable injuries, according to a research brief issued by the National...
Florida Workers’ Comp Rates Set to Decrease, Again September 3, 2021 By Ezra Amacher Florida workers’ compensation rates are set to decline again as the National Council on Compensation Insurance (NCCI) has proposed a...
New Hampshire Experiences Continued Stability in Workers’ Comp Market August 6, 2021 The New Hampshire Insurance Department (NHID) approved a rate proposal filed by the National Council on Compensation Insurance (NCCI) that...
Workers’ Compensation Numbers Indicate Strong Performance During 2020 Pandemic May 12, 2021 Because of job losses and shrinking payrolls during the pandemic recession, the workers’ compensation industry’s net written premium dropped 10%...
It Could Have Been Worse. An Update on COVID-19 Impact on Workers’ Compensation. February 9, 2021 By Andrew G. Simpson While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’...
Florida Approves 6.6% Rate Decrease to Workers’ Comp Rates December 9, 2020 Florida Insurance Commissioner David Altmaier has issued a final order approving the National Council on Compensation Insurance (NCCI)’s filing for...