decrease in workers’ compensation rates News

Missouri Employers Will See Reduced Workers’ Compensation Rates in 2024

The Missouri Department of Commerce and Insurance said that employers should see a reduction in workers’ compensation rates in 2024, the third straight year of declining rates. The NCCI recently proposed an overall decrease of 7.5 percent for 2024 workers’ …

Tennessee Approves 7% Decrease for Workers’ Comp Rates

Workers’ compensation rates in Tennessee will go down again next year, marking the seventh consecutive year of decreases, according to the Tennessee Department of Commerce and Insurance. Commissioner Hodgen Mainda approved a 7.1 percent overall loss cost decrease for 2020 …

Tennessee Approves 19% Decrease in Workers’ Comp Rates

Workers’ compensation rates in Tennessee will decrease by nearly 20 percent next year, marking the sixth consecutive year of decreases, according to a statement from the Tennessee Department of Commerce and Insurance. TDCI Commissioner Julie Mix McPeak approved a 19 …

Indiana Workers’ Comp Rates to Drop 9.3% Next Year

Indiana Department of Insurance Commissioner Stephen W. Robertson has approved a 9.3 percent reduction in workers’ compensation insurance rates that becomes effective Jan. 1, 2017. The approved rate decrease will result in savings of approximately $82.7 million dollars for Indiana …