The downward trend for Florida workers’ compensation rates is set to continue next year thanks to favorable loss experiences from policy years 2017 and 2018. The latest filing from the National Council on Compensation Insurance (NCCI) proposes an average statewide …
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 …
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 …
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 …
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 …
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 …
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, …
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). …
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 …
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 …
