National Council on Compensation Insurance News

Idaho Workers’ Comp Rates to Decrease for 2018

The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 5.8 percent percent to workers’ compensation insurance. The decrease is to become effective Jan. 1, 2018. Department Director …

Iowa Workers’ Comp Rate to Drop in 2018; Debate On as to Why

Iowa’s governor and the organization that sets workers’ compensation rates are disputing whether a new law influenced a recent rate reduction in premiums for employers. The National Council on Compensation Insurance announced an 8.7 average premium reduction for Iowa employers …

Amended Iowa Workers’ Comp Overhaul Advanced to Senate

Republicans in the Iowa House passed a bill to overhaul how workers in the state are compensated for on-the-job injuries, though they backed off some key proposals amid internal concern over the extent of the changes. The GOP-majority chamber voted …

Connecticut Insurance Department Approves NCCI Workers’ Comp Rate Filing

Connecticut Insurance Department Commissioner Katharine L. Wade announced that the department has approved a rate filing from the National Council on Compensation Insurance (NCCI) that decreases workers’ compensation insurance rates nearly 11 percent. “This marks the third straight year that …

West Virginia Workers’ Comp Rates to Decrease by 14%

The National Council on Compensation Insurance filed a proposed drop of 14.7 percent in workers’ compensation loss cost rates with the West Virginia Insurance Commissioner. In response, West Virginia Gov. Earl Ray Tomblin says the state will save employers $36 …

Workers’ Compensation Market Improved, Grew Premium in 2015: NCCI

The workers’ compensation market is healthy and profitable. This year’s “State of the Line” report, published by the National Council of Compensation Insurance (NCCI), indicates that the workers’ compensation calendar year 2015 combined ratio for private carriers was 94 percent. …

NCCI Sees Stable Trends in New England

The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating and statistical organization. “Overall, the NCCI …

Maryland’s Chesapeake Employers to Begin Phasing in NCCI Rates in 2020

Chesapeake Employers’ Insurance Company, Maryland’s largest writer of workers’ compensation insurance, announced its plan to phase in the National Council on Compensation Insurance’s (NCCI) rating methodology and other changes as required by state legislation enacted in 2015. Chesapeake Employers President …

Nevada Insurance Commissioner Approves Workers’ Comp Rate Decrease

Acting Nevada Insurance Commissioner Amy L. Parks approved a filing from the National Council on Compensation Insurance for an average decrease of 5.5 percent for Nevada workers’ compensation voluntary insurance loss costs. An average decrease of 4.2 percent for workers’ …

Virginia Approves 3.4% Overall Increase in Workers’ Comp Loss Costs

The Virginia State Corporation Commission (SCC) announced Tuesday the approval of revisions to the premium levels charged for workers’ compensation insurance in Virginia. The revisions will result in an overall average increase of 3.4 percent for voluntary market loss costs …