Insurance Bureau Okays 3.9% Increase in Loss Costs

The Maine Bureau of Insurance has approved a 3.9% increase in workers' compensation loss costs requested by the National Council on Compensation Insurance in response to changes in the medical fee schedule that took effect in December.'The loss-cost changes will take effect April 1 and follow a 1.8% decrease approved by Insurance Superintendent Eric A. Cioppa that took effect on Jan. 1.Paul Sighinolfi, chairman and executive director of the Maine Workers' Compensation Board, told the Bangor Daily News the board is required to revise its fee schedule annually. He said health care co...