Hawaii’s WC Premiums Rising, Despite Flat Frequency of Claims, NCCI Study Shows
The increase in premiums is in part due to payroll increases--higher pay means higher payout for lost wages, according to the report. It is predicted that there will be an experience rating split point change beginning 2013. The change will “result in larger credits for safe employers and higher debits for employers with greater losses” and gives an incentive for employers to maintain a safe workplace.
National Council on Compensation Insurance, Inc. is the largest provider of workers compensation and employee injury data and statistics in the nation.