State Roundup: Rates, premiums, and benefits
Alaska, Florida, and New Hampshire
- Alaska regulators pondering rate decrease. Regulators are considering a rate proposal from NCCI that would decrease loss costs by an average of 2.1 percent for the voluntary market and no overall change for assigned risk rates.
Director Linda Hall said the Insurance Division has been reviewing the proposal and expects to issuea final decision and order soon.
- Florida rate hike lower than proposed. Florida Insurance Commissioner Kevin McCarty approved an overall 7.8 percent workers' comp rate increase, effective January 2011. The amount is lower than the 8.3 percent rate hike proposed by NCCI.
In announcing the increase, McCarty said NCCI's seven previous annual filings represented the largest consecutive cumulative decrease in rates in the state's history.
- New Hampshire employers will see lower rates.
New Hampshire's workers' comp rates will decrease an average of 2.9 percent next year. Insurance Commissioner Roger Sevigny also approved a decrease of 0.7 percent for assigned risk rates.
All companies writing workers' comp in New Hampshire are required to adopt and use NCCI's workers' comp advisory loss cost and rating values.
The new rates become effective January 2011.
Read more at the WorkersComp Forum homepage.
December 2, 2010
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