Home | News | NC IC Settles WC Rate Filings With Cut

NC IC Settles WC Rate Filings With Cut

02 November, 2009 11:48:00 compnewsnetwork
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image Decrease to the voluntary market loss costs

Raleigh, NC (CompNewsNetwork) - Insurance Commissioner Wayne Goodwin today announced the settlement of the workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state's workers compensation insurance companies. The settlement ordered a 9.6 percent decrease to the voluntary market loss costs and no change (zero percent) to the assigned risk markets. The changes are effective April 1, 2010.
 
"I'm proud that we were able to implement a public comment period for this filing, and I look forward to continuing this practice for future rate filings that the Department handles," said Commissioner Goodwin.
 
The full filings and settlements are available for public review on the Department's Web site.
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Comments (1 posted):

rodney threatt on 03 November, 2009 10:49:39
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With average loss time claim in the top five in country for several years, we will see a major increase at some point!

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