Commissioner of Insurance Jim Donelon reports that Louisiana businesses are expected to see a decrease in their workers’ compensation rates in 2016. The National Council on Compensation Insurance (NCCI) recently proposed an overall decrease of 2.7 percent for Louisiana employers …
William E. Donnell, president for Swiss Re America’s U.S. property and casualty reinsurance, will become the new president and chief executive officer of the National Council of Compensation Insurance, NCCI announced. Donnell will assume the position at NCCI effective Dec. …
The Tennessee Workers Compensation Insurance Plan (TWCIP) reinsurance mechanism has been dissolved as part of the state’s transition to the National Council on Compensation Insurance (NCCI) as the new residual workers compensation administrator, according to a bulletin from Tennessee Insurance …
Workers’ compensation rates in Oklahoma are expected to drop in 2016, the Oklahoma Insurance Department announced. The National Council on Compensation Insurance (NCCI) filed an overall loss cost decrease of 14.8 percent. This is the third straight year rates have …
South Carolina Insurance Director Raymond Farmer approved an overall revision of +1.9 percent to the state’s voluntary workers’ compensation policy loss costs and a decrease of .3 percent in the assigned risk rate level results for the state’s workers’ comp …
Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the program was privatized in 2006. …
The number 1.00 means different things to different people. In baseball, 1.00 represents a perfect batting average. But in college, a 1.00 grade point average is about as bad as it gets. In workers’ compensation, a 1.00 experience modifier, or …
The workers’ compensation industry must contend with a fast-growing on-demand economy where jobs are filled via apps and more employees are temporary contractors. “Technology is changing how we think about jobs,” Dr. Robert Hartwig, president of the Insurance Information Institute …
The Tennessee Department of Commerce and Insurance (TDCI) has chosen the National Council on Compensation Insurance (NCCI) as the new plan administrator for the Tennessee Workers Compensation Insurance Plan (TWCIP). Beginning with policies effective July 1, 2015, NCCI will administer …
The Missouri Department of Insurance is recommending a 4.4 percent decrease in workers’ compensation insurance loss costs for 2015. The key driver of the decrease is the favorable loss experience in 2012, according to the department. “A decrease in large …
