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NCCI Files for 8.8% Loss-Cost Reduction in IL

Posted on 20 Jul 2011

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In response to the recent enactment of House Bill 1698, NCCI filed for an 8.8% decrease in voluntary advisory insurance rates. Pending approval by the Illinois Department of Insurance, the lower rates will take effect September 1, 2011.

Among other estimates, the Boca Raton, Fla.-based arm of the National Council on Compensation Insurance said in a Monday filing with the Illinois Department of Insurance that it expects changes to Illinois' medical fee schedule will account for 7.4% of the 8.8% decrease.


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