NCCI filed an application last summer seeking the 12.1 percent reduction for industrial classifications and had proposed a decrease of 14.1 percent for assigned risk rates, compared to the bureau's suggested 16 percent decrease for assigned risks.
The methodology for calculating assigned risk rates will be reviewed by a work group. For this year, the bureau agreed to a 15.1 percent overall decrease in assigned risk rates for industrial classifications.
Read more at the WorkersComp Forum homepage.
March 24, 2011
Copyright 2011© LRP Publications