NCCI Filing Proposes 1.2% Loss Cost Cut

The National Council on Compensation Insurance is recommending a 1.2% decrease in voluntary market loss costs in South Carolina, effective April 1. In a summary of the loss cost filing submitted to the South Carolina Department of Insurance in October, NCCI said the state has historically experienced a significant number of large claims, particularly those involving severe burns. The pattern of large claims, both burn- and non-burn related, persisted into 2025 and required selecting an experience period, development and loss ratio trends that reduce the effect of large claims within a single...