WorkersCompensation.com's CompNewsNetwork: NC IC Settles WC Rate Filings With Cut

NC IC Settles WC Rate Filings With Cut
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compnewsnetwork on 03 November, 2009 12:48:00
 
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.