Southeast Rate Cuts Were Nation's Deepest

The Southeast region has seen the deepest declines in rates and loss costs in the nation in the past two years, largely based on the effects of Florida's sweeping reforms in 2003, according to the National Council on Compensation Insurance.During the past two weeks, the Boca Raton, Fla.-based ratemaker has recommended reductions in loss costs for Alabama, Florida, Kentucky and Tennessee and will make another major group of filings in October, said Peter Burton, NCCI's senior division executive for state relations.Each of the four states has seen years of consecutive decreases. In Flori...