New Hampshire Approves NCCI’s Loss Cost Decrease Filing

The New Hampshire Insurance Department announced Wednesday that it has approved the National Council on Compensation Insurance’s (NCCI) advisory loss cost and rating values filing to be effective Jan. 1, 2015.

The approved voluntary loss cost change is a decrease of 5.9 percent on average. The average approved change for assigned risk rates is a decrease of 7.0 percent. The residual market loss cost multiplier for 2014 will be 1.590.

All insurers writing workers’ compensation coverage in New Hampshire are required to adopt and use NCCI’s WC advisory loss cost and rating values effective Jan. 1, 2015, the department said.

Source: The New Hampshire Insurance Department