NCRB Posts Loss-Cost Multipliers

The North Carolina Rate Bureau has filed a spreadsheet of loss-cost multipliers effective as of Tuesday.NCRB said loss-cost multipliers filed by workers' compensation carriers ranged from a low of 0.75 to a high of 2.4660. The average LCM was 1.4112.On Aug. 30, NCRB asked North Carolina Insurance Commissioner Wayne Goodwin to increase loss costs in the voluntary workers' compensation market by 0.3% effective on April 1, 2014.If the voluntary market filing is approved, manufacturing loss costs will increase by 0.2%, loss costs in the contracting sector will decrease by 2%, loss costs fo...