Va workers' compensation premiums OK'd

RICHMOND, Va. (AP) - The Virginia State Corporation Commission has approved adjustments in premiums charged for workers' compensation insurance.

The National Council on Compensation Insurance requested the changes. The Florida-based ratemaking group represents insurance companies licensed to write workers' compensation insurance in Virginia. Almost all Virginia employers are required to carry the coverage.

Under changes, overall premiums for the federal and surface coal mine classifications will increase. Overall premiums for the industrial and underground coal mine classes in the voluntary and assigned risk markets will decrease.

The changes will take effect April 1, 2009.