If approved by the state
"As always, OIR will review the filing to ensure the proposed changes are not excessive, inadequate or unfairly discriminatory and evaluate its potential effects on the insurance marketplace and employers, who are required by law to carry this insurance on their employees," the department said in a statement.
NCCI is a rating organization authorized to make rate filings on behalf of workers' compensation insurance companies in
The organization cited a decline in workers' comp claims in its petition to reduce rates.
"For decades, with few annual exceptions, frequency has continued on a clear downward path driven by technology, safer workplaces, improved risk management, and a long-term shift from manufacturing to service sectors," it stated. "NCCI has no expectation that this trend will change course."
It said the filing did not measure the impact of the coronavirus pandemic. The state has said about 12,000 workers' comp claims tied to the virus had been filed by the end of July., according to the News Service of
But the virus could have dual impacts, NCCI said. Claims could increase from people with "frontline COVID-19-related occupations," but they also could decline with more employees working remotely.
Like their political views, Americans appear split over what the past four years have done for their finances.
A new survey by personal finance web site Bankrate.com found that 26% of Americans believe their personal finances have improved under
Those who feel their finances are better now tend to be Republican, male, white, college graduates, baby boomers, and those with income levels of
Adults also were divided over whether the Trump/Pence ticket, at 35%, or Biden/Harris, at 39%, would improve their finances. Nearly one in six were unsure, and 11% said neither would do better.
"No matter which candidate is sitting in the
The survey said the president's response to the coronavirus pandemic could do more harm than good at the polls: 39% said they are less likely to vote for him as a result, compared to 26% who are more likely.
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