National Council on Compensation Insurance
The National Council on Compensation Insurance (NCCI) is a nationwide organization that collects data as it relates to workers’ compensation. The group collects data on more than four million workers’ compensation claims each year. Information gathered from the claims guides the NCCI when they make recommendations on rate changes and other workers compensation policy issues.
NCCI in Connecticut
Like all states, the National Council on Compensation Insurance gathers state specific workers compensation information. This year the NCCI recommended sweeping changes to workers’ compensation rates in CT. Though some companies may see their rates decrease, the vast majority of employers will be facing substantial workers compensation insurance rate hikes.
Impact of NCCI Data
With the state and national data collected each year the NCCI provides the following information:
- Analysis of industry trends in workers’ compensation costs
- Workers compensation insurance rate and loss cost recommendations
- Cost analysis of proposed legislation regarding workers’ compensation regulations and benefits
- Special claims research projects
- Analysis of judicial and regulatory decisions on workers’ compensation
- Cooperation with other data-collection agencies to ensure a credible database
The NCCI reports to workers’ compensation insurance companies, state workers’ compensation funds and employers who need information on workers’ compensation issues. These agencies use the information to guide policy changes and rate increases and decreases.
The workers’ compensation attorneys at Glass, Lebovitz, Kasheta & Bren hope that the above information helps you better understand the impact that the NCCI has on your workers’ compensation insurance rates. Many believe that the workers comp system in Conn. is beyond repair. Injured workers and employers alike are speaking up against rate hikes and lower compensation packages for those hurt at work.
If you have suffered an on the job injury please contact your Connecticut workers’ compensation lawyer at Glass, Lebovitz, Kasheta & Bren for your free consultation.