workers' compensation

Insurance Commissioner Wayne Goodwin today announced that he has settled the workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state's workers compensation insurance companies. The settlement ordered a 9.6 percent decrease to the voluntary market loss costs and no change (zero percent) to the assigned risk markets. The changes are effective April 1, 2010.

"I'm also proud that we were able to implement a public comment period for this filing, and I look forward to continuing this practice for future rate filings that the Department handles," said Commissioner Goodwin.