Workers’ compensation rate | Legal announcements

NOTICE OF PROPOSED CHANGES TO WORKERS’ ACCIDENT INSURANCE RATES FILE NO. INS-2022-00069 The National Council on Compensation Insurance, Inc. (“NCCI”), on behalf of its member insurers, has applied to the State Corporation Commission (“SCC”) for approval to change the loss costs of councils voluntary market and assigned risk market rates and underwriting values ​​for new and renewal workers’ compensation policies effective April 1, 2023 and after. written on the voluntary market. The proposal would change the overall average pure premium level for the voluntary market as follows: Industrial Classifications: 6.8% decrease “F” (Federal) Classifications: 14.8% decrease Coal 1005 Classification: 13.6% decrease Classification Coal 1016: 12.4% decrease the following changes in the overall average rate level for the assigned risk market: Industrial Classifications: 2.9% decrease “F” (Federal) Classifications: 11.2% decrease Coal Classification 1005: 15.1% decrease Coal Classification 1016: 13.9% decrease Information filed by NCCI in support of its proposals, including exact assigned hazard rates and advisory loss costs for individual classifications, which will vary by classification and may be greater or less than the overall changes shown above, can be viewed at http://www.scc. virginia.gov/case under file number INS-2022-00069. Interested persons are encouraged to review NCCI’s filing record and supporting documentation for details of these and other proposals. PLEASE BE AWARE that CSC may approve Board Loss Costs and Assigned Risk Rates and Rating Values ​​different from those proposed by NCCI. The SCC has initiated an investigation into NCCI’s proposed amendments and held a public hearing into it in Case No. INS 2022-00069 in its Courtroom, Second Floor, Tyler Building, 1300 East Main Street, Richmond, Va. 23219, at 10 a.m. on October 26, 2022. Any interested person who wishes to make a statement at the hearing on their own behalf should appear in the SCC hearing room at 9:45 a.m. on October 26, 2022 and contact the SCC Bailiff. However, persons interested in attending the hearing should also consult the SCC’s website to verify whether COVID-19 transmission levels or other conditions require the hearing to be held via webcast and not online. direct. By August 12, 2022, any person or entity that intends to participate in this proceeding as a respondent shall file a notice of participation, in accordance with the SCC Rules of Practice and Procedure, 5 VAC 5-20-10 and seq. , and the Case Registration Order and Service Order in this case, which can be viewed at http://www.scc.virginia.gov/case or can be ordered from the Registrar of the Commission, State Corporation Commission, c/o Document Control Center, PO Box 2118, Richmond, Va. 23218. Any notice of participation must be filed with the Registrar of the CSC and a copy must be served on NCCI’s attorney, Charles H. Tenser, Esquire, 2120 Galloway Terrace, Midlothian, Virginia 23113. Pursuant to the SCC’s Registration of Case and Service Order, by September 16, 2022, each respondent must also file with the Registrar of the SCC the testimony and exhibits by which the respondent expects to establish its case. All interested persons wishing to comment on the application should file such comments no later than October 19, 2022 with the SCC Registrar at the above address or may submit their comments electronically by following the instructions at http: //www.scc. virginia.gov/case. All comments should refer to File No. INS-2022-00069.

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