NCCI Recommends 12th Straight Decrease in Voluntary Loss Cost Filing

The National Council on Compensation Insurance has recommended a 4.6% decrease in workers’ compensation costs, effective Oct. 1. If approved by the state Department of Insurance, it would be the 12th straight decrease for a cumulative cost savings of nearly 60% in the voluntary market. NCCI’s recommended rate decrease filing cites a 6% decrease in experience during 2014 and 2015. The ratings firm said 81% of Kentucky’s claims were medical only, 14% were for temporary total disability and 5% for permanent partial disability as compared with 75%, 15% and 10%, respectively, b...