NCCI Recommends Workers Comp Rate Reductions
The
The council is recommending the department approve both rate reductions, which would be effective for policies renewing on or after
Loss cost reductions vary by industry classification, ranging from -9.1% for goods and services to -12.7% for contracting.
The council reported that worker's compensation claims dropped four straight years in
Per case indemnity costs fell to
Medical costs also declined in 2014, to
The insurance department is holding a 30-day public comment period, effective
"Workers' compensation insurance represents a significant cost for
"With many other business costs increasing,
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