Lawsuit Faults Liberty Mutual, NCCI for Failing to Report Third-Party Recoveries

A federal lawsuit charges that Liberty Mutual Insurance Co., with a little help from the National Council on Compensation Insurance, withheld information about subrogation and other savings that could have lowered premiums for thousands of employers across the country. And when the NCCI notified Liberty Mutual and its sister companies of a change in experience modifications and cost reductions, the insurers failed to issue refunds to employers, reads the lawsuit, which proposes to become a class action for policyholders in 35 NCCI states, including Florida, Illinois and Texas. “Specifi...