National Council on Compensation Insurance News

Statewide Overall Decrease of 7.5% Approved for Florida Workers’ Comp Rates

Florida Insurance Commissioner David Altmaier has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall decrease of 7.5% for Florida workers’ compensation insurance rates. This applies to both new and renewal …

New Hampshire Workers’ Comp Rates Decrease for Eighth Year in a Row

New Hampshire employers will pay less for their workers’ compensation insurance next year because of an approved filing that lowers the loss costs insurers use to develop prices. The New Hampshire Insurance Department has approved a rate proposal filed by …

Workplace Injuries Continue to Decline But Could Rise with Low Unemployment

The number of workplace injury claims continues to decline year after year despite significant changes in workforce demographics that experts thought would increase claims frequency, according to a report by the National Council of Compensation Insurance. The number of workers …

Pinnacol in Colorado to Drop Workers’ Comp Rates, Issue Dividend in 2019

Pinnacol Assurance’s Board of Directors has approved a plan to decrease workers’ compensation rates in 2019 by an average of 10 percent. The decrease will go into effect on Jan. 1, 2019, and will be the fourth straight year Pinnacol …

Connecticut Approves 17% Workers’ Comp Rate Cut for 2019

The Connecticut Insurance Department has approved a nearly 17 percent decrease in rates for workers’ compensation insurance, marking the fifth consecutive year that rates have dropped in Connecticut. “This steady drop – nearly 50 percent over the last five years …

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 …