Arkansas was approved for a voluntary market loss-cost decrease of 2.1%, according to an advisory forum by the National Council on Compensation Insurance released on June 4.
The state ranked in the middle for loss-cost ratios, following Utah which had a decrease of 1.4%. However, the ratio put Arkansas second in the region for voluntary market loss-cost level changes. South Carolina, which ranked first, is the only state in the region with an increase in loss-cost ratio by 1.9%. The state’s assigned risk went down 3%, according to the forum.
The overall decre...
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