NCCI Proposes Rate Level Decrease of 1.2% at Advisory Forum

The National Council on Compensation Insurance has recommended a 1.2% decrease in loss costs in Idaho next year.  NCCI announced the rate filing during a state advisory forum held Nov. 30. The forum also discussed insurance challenges raised by the gig economy and provided an overview of Idaho's workers' compensation system performance in 2016. NCCI proposed the rate decrease in part because workers' compensation costs in the manufacturing, goods and services sectors have decreased by 1.9% and 1.3%, respectively. Costs in the contracting, office and clerical sectors hav...