Notice: Passwords are now case-sensitive
Forgot your password? Register a new account

Connections

Groups

Community Requests

NCCI: Experience Drives 16.2% Rate Cut for 2018

Monday, November 6, 2017 | 240 | 0 | 0 min read

The average severity of workers’ compensation claims is dropping along with the number of claims filed each year, contributing to a 16.2% drop in voluntary loss costs for 2018, according to the National Council on Compensation Insurance. The rate cut for 2018 follows a 9% reduction approved for 2017 and a 6.2% cut for 2016, according to data NCCI presented during Thursday's New Mexico State Advisory Forum. New Mexico will also see the largest rate reduction of nearby states, according to NCCI. Rates are dropping 12.7% in Colorado, 10.7% in Nevada, 9.4% in Utah and 7.8% in Texas. N...

Purchase this story for only $9.16!Add to Cart


For access to all of our articles, check out our subscription options.

Comments

Be the first to comment.

Related Articles