Good News for Employers
West Virginia employers may be getting a little good news for next year, as the National Council on Compensation Insurance has filed a proposed workers’ compensation loss cost decrease of 13.5%, to begin Jan. 1. The change, pitched by the state’s rating and statistical agent, would mean another possible $20 million kept in the coffers of Mountain State employers. In fact, it would mean 21 years in a row of decreases since the state workers’ comp program was privatized. That’s more than half a billion dollars in savings to employers compared with workers’ comp levels before ...