NCCI Reaches Settlement in Latest Court Fight over Loss Costs

By Michael Whiteley, Eastern Bureau ChiefSouth Carolina Consumer Advocate Elliott Elam Jr. and a group of small businesses reached a settlement in the latest in a series of administrative court battles with the National Council on Compensation Insurance (NCCI) on Monday and agreed to a 3% increase in loss costs, effective Sept. 1.Elam and the South Carolina Small Business Chamber of Commerce said the agreement, approved by Chief Administrative Law Judge Ralph K. Anderson III on Monday, resolves a three-year legal challenge over loss-cost notice requirements.The agreement cuts NCCI's pendin...