Hawaii Press Release on Rate Approval

The Hawaii Insurance Division has released the following press release concerning the workers' compensation rate approval reported in workcompcentral on 12/03/02:Agreeing with Insurance Commissioner Wayne Metcalf's findings that there are additional signs of improvement in Hawaii's workers' compensation insurance market, the National Council on Compensation Insurance (NCCI) has amended its request for an increase in loss costs from 15.8% down to 8%. In approving the lower increase, Metcalf said, "The amended filing takes our original concerns into account, and I believe it is fair ...