On 9/13/2012, NCCI presented its complete overview of the Illinois workers' compensation environment. The Illinois State Advisory Forum presentation provides a detailed comparison of national workers' compensation and employment trends to the economic conditions of the workers' comp industry in Illinois.
- In August, the Illinois Department of Insurance announced it had begun its roughly 60 day calculation confirmation process after NCCI filed for an overall 3.8% decrease to the workers' compensation advisory and loss cost rates.
- This IWCC release contains an overview from the NCCI report regarding the potential rate reductions for several employer categories.
In addition to the 2012 Illinois State Advisory Forum, NCCI has a parallel report and presentation that research the impact of the introduction of the Illinois workers' compensation fee schedule in 2006.
This is great news for the workers of Illinois. The National Council on Compensation Insurance, Inc. has shown them a complete overview of the medical compensation environment. And it shows the difference between workers compensation and employment trends of the economic conditions of Illinois workers.
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