Department Reduces Loss Costs 6.1%

The New Hampshire Insurance Department on Wednesday announced a 6.1% reduction in voluntary loss costs and a 5.4% reduction in rates for the assigned risk pool. The department said this is the 14th consecutive reduction in loss costs. Loss costs have fallen a cumulative 66% over this period. One notable change in this year's filing is the use of a third decimal place in loss costs.  "This adjustment will allow for more precise pricing that more closely aligns premiums with the actual risk of workplace injuries," the department said in a statement. "While subtle, the ...