14% Reduction in Voluntary Loss Costs Proposed

New Hampshire workers’ compensation rates may be falling for the seventh year in a row, if a proposal to reduce voluntary loss costs is approved. The National Council on Compensation Insurance, or NCCI, has filed a proposal with the New Hampshire Insurance Department to reduce voluntary loss costs by 14%. If approved by Insurance Department Commissioner John Elias, the new rates would take effect Jan. 1. The loss cost is the portion of an employer’s insurance premium that pays claim costs for work-related injuries. All insurers writing voluntary workers’ compensation co...