July 1 Loss Costs Tables Go Online

The West Virginia Insurance Commission published workers' compensation loss costs by class effective July 1. "The workers' compensation class advisory loss costs are actuarially determined by the National Council on Compensation Insurance ... West Virginia's statistical rating agent," the commission reported. The advisory loss costs do not include a carrier's loss cost multiplier "which is a factor that increases the loss costs to recover administrative expenses and business operations," the commission explained. "The final rate will be the class loss cost multiplied by the carrier loss cos...