NCCI

Crocodile tears of insurance industry

The crocodile tears were flowing at yesterday’s South Carolina Senate Banking and Insurance Subcommittee that was hearing two bills supported by the South Carolina Small Business Chamber of Commerce (SCSBCC).  One bill, S.31, would simply require all proposed workers’ compensation loss cost rate adjustments (increases and decreases) to be subject…

Good news for business—well maybe or maybe not

There appears to be some good news for South Carolina businesses with workers’ compensation insurance. On good authority I have been told that the National Council on Compensation Insurance (NCCI is the state’s workers’ comp rating organization) has filed for a 3.7% overall decrease in a key component of rates…