SC workers' comp rates could decrease slightly

By: Associated Press Email
By: Associated Press Email

November 26, 2008

COLUMBIA, S.C. (AP) -- South Carolina businesses may see a break
on workers' compensation rates next year.

The National Council on Compensation Insurance told state
regulators this week that a key element in setting rates should be
reduced by 0.3 percent. The council's filing on loss statistics
with the South Carolina Department of Insurance is a key element in
insurer rate filings.

Amy Quinn is NCCI's representative in South Carolina and said
Wednesday the lower losses show a decrease in how often people are injured at work, which offsets medical cost increases.

The last NCCI loss cost reduction was 10.4 percent in 2001. NCCI
wanted a nearly 24 percent increase last year, but that increase
was cut to just under 10 percent before it went into effect in

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