NCCI Calls for First Cuts in S.C. Loss Costs Since 2001

The National Council on Compensation Insurance (NCCI) on Tuesday called for cutting South Carolina loss costs for the first time in seven years as part of a sharp reversal of workers' compensation trends that triggered increases of more than 70% over the past half decade.NCCI filed for a recommended decrease of loss costs – or pure premiums – averaging 0.3% in the voluntary market effective next July 1.The Boca Raton, Fla.-based rate maker cited steady declines in claims frequency but gave most of the credit to a Medicare-based hospital fee schedule put in place by the South Ca...