Florida businesses could soon be paying almost 20 percent more for workers’ compensation coverage. In response to a recent decision from the Florida Supreme Court, the National Council on Compensation Insurance (NCCI) filed a 17.1 percent rate increase with the …
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. …
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 …
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 …
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’ …
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 …
The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the National Council on Compensation Insurance (NCCI) submitted additional …
The National Council on Compensation Insurance (NCCI) has submitted a request to the Florida Office of Insurance Regulation (OIR) to consider supplemental information in regards to its recent workers compensation rate filing that Florida Insurance Commissioner Kevin McCarty said would …
Connecticut Insurance Commissioner Katharine L. Wade said Connecticut employers can expect to pay less next year for their workers’ compensation insurance as a result of the Insurance Department’s approval this week of a rate filing that lowers rates and the …
Florida Insurance Commissioner Kevin M. McCarty has ordered the National Council on Compensation Insurance (NCCI) to lower workers’ compensation rates for Florida employers by 5.1 percent. The Order signed Nov. 3 is a disapproval of the proposed 1.9 percent decrease …
