RALEIGH, NC - Insurance Commissioner Wayne Goodwin announced on Monday the settlement of 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 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.

The full filings and settlements are available for public review on the Department's Web site. Visit by clicking on this link and search for Serff Tracking numbers NCPC-126289369 and NCPC-126289290.

Source: North Carolina Dept. of Insurance