NCCI Files for 8.8% Loss-Cost Reduction in IL

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.

Published on July 20, 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.