Iowa Commissioner of Insurance Susan Voss issued a notice that the National Council on Compensation Insurance (NCCI) has made a rate filing for a proposed 2.3% increase in workers’ compensation rates effective next Jan. 1.The announcement notes this NCCI filing includes an increase in the minimum premium for four farm codes (0016, 0036, 0037 and 0083) from $300 to $350.The filing is introducing a new methodology in how to determine class rates, Voss reported.A workers’ compensation policyholder or an established organization with one or more workers’ compensation policyholder...
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