Insurance Department Recommending 4.6% Loss Cost Decrease

The Missouri Department of Insurance is recommending a 4.6% decrease in loss costs in 2017, in contrast with the 3.7% cut suggested by the National Council on Compensation Insurance. Gov. Jay Nixon announced the department's recommendation in a press release last week. Nixon noted that it is the third decrease in as many years, with a cumulative reduction of 9.8%. “By supporting workers on the job and keeping these costs down, we’ve made Missouri a great place to start, locate or expand a business," Nixon said in a press release. "I also want to thank Missouri I...