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New Hampshire OKs 9.6% reduction in workers' comp loss cost

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New Hampshire OKs 9.6% reduction in workers' comp loss cost

The New Hampshire Insurance Department signed off on a 9.6% decrease in workers' compensation insurance loss costs for 2020 as filed by the National Council on Compensation Insurance.

The loss cost is the portion of an employer's insurance premium that pays claims costs for work-related injuries. This marks the eighth consecutive year that rates have dropped in the state.

The new rates will be effective Jan. 1, 2020.