West Virginia to reduce comp rates for 21st consecutive year

West Virginia Gov. Patrick Morrisey’s office announced that the National Council on Compensation Insurance has filed a proposed workers compensation loss cost decrease of 13.5% effective Jan. 1, 2026.

Since the workers compensation program was privatized in 2006, the West Virginia market has experienced $501 million in premium savings, the governor’s office said in a statement.

The 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, according to the statement.