HA Rates Approved - Increase of 8%, not 15.8%

The National Council on Compensation Insurance (NCCI), apparently agreeing with Hawaii Insurance Commissioner Wayne Metcalf, has amended its request for an increase in workers' compensation rates to 8 percent. On November 1 Metcalf denied NCCI's request for a 15.8% loss cost workers' compensation rate increase. That increase would have cost Hawaii business an estimated $24 million.Metcalf said at the time of the denial: "The NCCI filing did not adequately take into account the fact that Hawaii workers' compensation claim experience has been more favorable than in other states. In fact, the ...