NCCI Files for Decrease of 6.3% in TN Premium Rate

The National Council on Compensation Insurance has filed with the Tennessee Department of Commerce its pure premium rate advisory for workers compensation policies, recommending a decrease of 6.3%. The recommendation is due largely to the state's recently enacted worker's compensation reform laws. In May, the Tennessee General Assembly approved a workers compensation reform package that was later signed by Gov. Phil Bredesen and goes into effect July 1. According to Insurance commissioner Paula Flowers, the Tennessee Department of Commerce will expedite the review process to implement ra...