Another Rate Hike Looming in South Carolina

South Carolina employers face another double-digit rate increase this year, despite a reform bill that state lawmakers had hoped would slash costs from the system. Although state Insurance Director Scott Richardson denied a 23.7% rate hike proposed by the National Council on Compensation Insurance, he said he would accept an 11% rate increase effective Dec. 1, followed by an additional 5% increase on Dec. 1, 2008, said Amy Quinn, South Carolina state relations executive for NCCI. Quinn said NCCI plans to appeal the denial, but will also meet with the Office of the Consumer Advocate to s...