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Nevada OKs loss cost decrease, assigned risk rate increase

Nevada OKs loss cost decrease, assigned risk rate increase

Nevada Insurance Commissioner Barbara D. Richardson approved two filings from the National Council on Compensation Insurance, according to a Thursday statement from the Nevada Division of Insurance.

An average decrease of 2.3% for Nevada workers compensation voluntary insurance loss costs and an average increase of 0.2% for Nevada workers comp assigned risk rates took effect March 1, 2018, the division said in a statement.

This filing is based on recent improvements in the workers comp claim experience in Nevada and the slightly increased costs for assigned-risk servicing insurers selected to administer assigned-risk policies effective Jan. 1, 2018, according to the statement.




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