CHARLESTON, W.Va. (WVDN) – Today, Governor Patrick Morrisey announced that the National Council on Compensation Insurance (NCCI), West Virginia’s rating and statistical agent, has filed a proposed workers’ compensation loss cost decrease of 13.5% effective January 1, 2026. This premium reduction results in a projected $20 million in savings for West Virginia employers.
“From the start, my administration has been focused on attracting more jobs and businesses to the Mountain State,” said Governor Morrisey. “The projected savings on premiums for workers’ compensation insurance help cut costs for the state’s employers and any companies looking to move or expand into West Virginia.”
Since the workers’ compensation program was privatized in 2006, the West Virginia market has experienced approximately $501 million in premium savings. This latest filing represents the 21st consecutive year of loss cost decreases and accounts for a cumulative 84.9% reduction from pre-reform workers’ compensation levels. West Virginia ranks 3rd in the nation in workers’ compensation loss cost, compared to Ohio (5th), Virginia (8th), Washington DC (9th), Kentucky (11th), Maryland (15th), and Pennsylvania (31st).
A proposed 13.5% rate decrease for the assigned risk market has also been filed by NCCI with the West Virginia Offices of the Insurance Commissioner.
