Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

NCCI recommends 2.3% increase in Georgia workers comp advisory rates

Reprints

The National Council on Compensation Insurance Inc. has requested a 2.3% hike in Georgia workers compensation advisory rates for next year based on increased claim frequency and medical severity.

In a presentation posted online Tuesday, Boca Raton, Fla.-based NCCI said Georgia's workers comp medical claim severity climbed 5% in 2011 from 2010. Meanwhile, lost-time claim frequency in the state grew 4.5% in 2011 compared with the prior year.

Still, workers comp insurers have seen recent financial improvements in Georgia, according to NCCI. The ratings and research agency said Georgia insurers reported a combined ratio of 111% for the 2012 accident year, compared with 118% in 2011. While the combined ratio improved, it still is not profitable.

NCCI's proposed rate would be effective March 1, 2014, if approved by the Georgia Insurance and Safety Fire Commissioner's office.