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NCCI Recommending a 5.5% Drop to Advisory Rates for 2015

The National Council on Compensation Insurance (NCCI) advisory rates determine the premiums businesses pay for workers’ compensation insurance.  On July 30, 2014 Governor Quinn announced that NCCI has filed a request for lower workers’ compensation rates in Illinois, recommending a 5.5% drop in the advisory rate for 2015. With the implementation of the proposed rate…