Va. Corporation Commission Modifies Coal Mine Rates

The Virginia State Corporation Commission ordered the National Council on Compensation Insurance (NCCI) to reduce the rate increase it recommended for workers' compensation rates charged for surface coal mines and deepen the cuts it planned for underground mines. The panel ordered that average proposed loss costs for surface coal miners be reduced from NCCI's recommended amount of 9.9% to 9.7% in the voluntary market. The commission also ordered a reduction of 13.8% in voluntary loss costs for the state's underground mines. That's down from the 13.4% reduction called for by NCCI. Assi...