Virginia to Hold Hearings on NCCI Rate Requests

The Virginia State Corporation Commission (SCC) has scheduled a hearing on November 20 to review National Council on Compensation Insurance's (NCCI) request to adjust workers compensation premium levels for most classes of coverage. While NCCI did not request any change in the overall premium level for industrial classifications in the assigned risk plans, it did ask for a 1.5% increase in voluntary market loss costs for industrial classifications. It is also seeking increases for both voluntary market loss costs and assigned risk rates for three classifications - federal, surface coal mines...