Department Reduces Loss Costs 1.8%

The New Hampshire Insurance Department approved a recommendation from the National Council on Compensation Insurance to reduce voluntary loss costs by an average of 1.8%. Loss costs for the voluntary market have decreased each of the last eight years and are down by a cumulative 50% as a result, the department said in a statement. “It’s encouraging to see continued stability in the workers’ compensation market,” Insurance Commissioner Chris Nicolopoulos said in a statement. “Continued low insurance rates provide stability for employers during a time of financial...