Tennessee Department of Commerce and Insurance (TDCI) News

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 …

19% Workers’ Comp Rate Decrease Proposed for Tennessee

The National Council on Compensation Insurance (NCCI) has filed for a 19.1 percent decrease for workers’ compensation voluntary market loss costs in Tennessee – the largest recommended decrease since reforms to the state’s workers’ compensation system were passed in 2013. …

Tennessee Issues $12K in Fines, Revokes Licenses of 3 Insurance Producers

Three former Tennessee insurance producers who violated provisions of Tennessee’s insurance law have been hit with civil penalties totaling $12,000 and forced to surrender or have revoked their insurance licenses, according to a statement from the Tennessee Department of Commerce …

NCCI Files 12% Decrease for Tennessee Workers’ Comp Loss Costs

Workers’ compensation rates in Tennessee are going down again next year. The Tennessee Department of Commerce and Insurance (TDCI) announced this week that the National Council on Compensation Insurance (NCCI) is seeking a loss cost reduction of over 12 percent …

New Tennessee Law Aims to Further Enhance State’s Captive Industry

Tennessee is praising captive insurance legislation signed by the governor on May 12, saying it is expected to “maintain and further enhance Tennessee’s place amongst the most attractive states to locate a captive insurance company,” according to a statement from …

Tennessee Insurance Producer Fined $400K for Misappropriation of Client Premiums

The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll, Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting in a $400,000 penalty and …

3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI

The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions taken against three former Tennessee agents for misappropriation, failure to report administrative actions, and felony convictions involving fraud. The punishments were the result of months of work by TDCI’s …

Tennessee Takes Disciplinary Actions Against 4 Agents

The Tennessee Department of Commerce and Insurance (TDCI) took disciplinary actions against four agents in the state that have resulted in licensure revocations, probation, and monetary civil penalties totaling $15,000. “The Department is dedicated to the protection of Tennessee insurance …