Drew DixonNovember 19, 2024
Lower rates kick in on Jan. 1.
Tag: NCCI
Drew DixonNovember 19, 2024
Christine Jordan SextonOctober 4, 2021
3min1021
A national group is proposing a nearly 5% reduction.
Christine Jordan SextonSeptember 22, 2021
3min1126
The fund would keep workers compensation afloat following a catastrophe.
Ryan NicolOctober 25, 20194min484
Florida Insurance Commissioner David Altmaier submitted an order on the issue Thursday.
Michael MolineNovember 9, 2018
5min337
State regulators gave the final OK on Friday for a 13.8 percent decrease in Florida’s average workers’ compensation insurance premiums. The change takes effect Jan. 1. “Workers’ compensation insurance is a critical operating cost for business owners, and the 13.8 percent rate decrease approval will allow employers to better support Florida’s families, visitors and labor […]
Guest AuthorOctober 1, 2018
5min282
The beginning of October marks National Customer Service Week, which recognizes the important role that customer relationships play in virtually every industry. After all, customers are at the heart of every business’s success and their satisfaction must be a top priority. Each year, the National Council on Compensation Insurance (NCCI) receives more than 500,000 phone […]
Michael MolineSeptember 19, 2018
4min326
An insurance industry analysis undermines any assumption that employees delay reporting weekend injuries into the work week to take advantage of workers’ compensation benefits. Were that true, one might expect the number of workers’ comp claims filed during the work week to have declined since the Affordable Care Act brought 8 million people into the ranked of the insured. […]
Staff ReportsSeptember 7, 20184min246
Increasing the federal minimum wage likely wouldn’t much affect the premiums employers pay for workers’ compensation insurance, according to an analysis by the organization that proposes rates for Florida and other states. “A minimum wage change would increase wages and wage-replacement benefits for injured minimum-wage workers,” the analysis by the National Council on Compensation Insurance, or […]
Michael MolineAugust 28, 2018
4min500
The ratings agency that recommends workers’ compensation insurance premium levels in Florida on Monday recommended a 13.4 percent reduction, to take effect Jan. 1. A summary released by the National Council on Compensation Insurance, or NCCI, cites “continued significant improvement in loss experience.” “This is consistent with prior experience filings in Florida and in line […]
Staff ReportsAugust 14, 2018
4min604
One area is bucking the long-term decline in workers’ compensation claims nationally, according to a study by an industry data clearinghouse and rate-setting agent: Motor vehicle accidents. These increased by 5 percent between 2011 and 2016, amid a 17.6 percent decline in all claims. The blame likely lies with use of smartphones and other distractions […]