From the Times Picayune
June 1, 2007
Rates for workers' compensation insurance are decreasing, thanks to a large drop in loss costs for insurers, according to Louisiana Insurance Commissioner Jim Donelon.
Most workers' comp carriers in Louisiana use the National Council on Compensation Insurance annual loss cost filing report to help formulate their insurance rates. As a result of a recent NCCI filing showing Louisiana has the nation's largest percentage decrease in loss costs, at 15.8 percent, several companies have filed for a rate decrease with the Department of Insurance.
"This is positive news for our state's workers' compensation market," Donelon said. "Our market is healthy and viable."
Unfortunately, Louisiana also had the "largest percentage decrease" in population and employees.
David Buie is a Louisiana Workers Compensation Lawyer representing individuals throughout all of Louisiana. www.DavidBuie.com
