Share This Article:
West Virginia Approves NCCI Recommendations on Workers Comp Rate Cuts
16 Aug, 2012 WorkersCompensation.com
Charleston, WV (WorkersCompensation.com) – The West Virginia Office of the Insurance Commissioner has announced that the proposed overall average workers' compensation loss cost level change of -9.1% and –14.3% decrease in the assigned risk rates have been approved as filed by NCCI. Both are effective as of November 1, 2012.
This is the seventh consecutive overall average loss cost level decrease filed in West Virginia since the conversion from a Monopolistic state fund to private competition. According to NCCI, with this approval the cumulative impact of loss cost level changes since 2006 is -40.4%.
Related Story, run July 19, 2012: WV Gov. Tomblin Announces Another Reduction For Workers' Compensation Loss Cost Rates
Read Also
- Jul 03, 2024
- WorkersCompensation.com
- Jul 02, 2024
- WorkCompCollege
- Jul 02, 2024
- Horizon Casualty Services
About The Author
About The Author
- WorkersCompensation.com
More by This Author
- Jun 24, 2024
- WorkersCompensation.com
- May 11, 2023
- WorkersCompensation.com
- May 10, 2023
- WorkersCompensation.com
Read More
- Jul 03, 2024
- WorkersCompensation.com
- Jul 02, 2024
- WorkCompCollege
- Jul 02, 2024
- Horizon Casualty Services
- Jun 24, 2024
- WorkersCompensation.com
- Jun 23, 2024
- WorkersCompensation.com
- Jun 21, 2024
- WorkCompCollege