NCCI Files Rate Reduction for Ill., Increase for Iowa

By Bill Kidd, Central Bureau ChiefThe National Council on Compensation Insurance (NCCI) has released its recommendations for voluntary market rate changes in two neighboring Midwestern states – and it doesn’t take an actuary to determine which state’s employers are likely to be happier about the filings.NCCI has proposed a 7.9% increase for Iowa, and a 3.8% decrease for Illinois.But what may require some expertise is figuring out what’s driving the changes in the two states. NCCI said in state advisory forums earlier this month that Illinois claim frequency increased 4....