N.H. Department of Insurance: N.H. Continues to Experience Stability in Workers' Compensation Market for 2022
"Over the past several years the state has worked hard, in coordination with our state agencies, to pursue policies that promote job growth and lessen the burden on our small employers," said Governor
Loss costs in the voluntary market have decreased in each of the last nine years, and 50% cumulatively over this period. The loss cost is the portion of an employer's insurance premium that pays claims costs for work-related injuries. The loss cost is ultimately used by insurers to set rates and premiums in the voluntary market. All insurers writing voluntary workers' compensation in
"What we are experiencing here in
"Continued stability in the workers' compensation market is fantastic news for the Granite State's business owners and employees," said NHID Commissioner
The NCCI is a licensed rating and statistical organization that gathers data, analyzes industry trends, and prepares workers compensation rate filings for
The new rates will apply to policies effective starting on
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