May 18, 2018

WorkCompRecap: Rates & Regs!

Today’s issue of WorkCompRecap features Nevada Insurance Commissioner Commissioner Barbara D. Richardson’s recent announcement of her approval of NCCI’s filing for an average decrease of 10.7% for Nevada workers’ compensation voluntary insurance loss costs. The commissioner also approved an average decrease of 10.5% for workers’ comp assigned-risk rates. The loss cost decrease was the largest since a 2004 filing by NCCI, and the assigned-risk rate decrease is the largest in Nevada history since workers’ comp insurance was privatized in 1999. Find out more by clicking here!

Also in the news today is the Associated Industries of Florida’s (AIF) recent announcement that after its “Workers’ Compensation Strategic Task Force” had put in a lot of effort traveling across the state and holding town halls and meeting with stakeholders, it is releasing new proposed legislation that will help the state restore a “stable, self-executing and affordable system” to care for and protect injured workers while maintaining rates that promote job growth and prosperity. Find out more by clicking here!

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