NCCI Recommends 'Huge' 19% Rate Reduction for State

The National Council on Compensation Insurance is recommending a 19% rate reduction for Tennessee’s voluntary and assigned-risk markets, one of the largest cuts in years, nationwide. “It is pretty amazing,” said Larry Scroggs, administrator of the Tennessee Workers’ Compensation Advisory Council, which met this week to discuss the filing. The Advisory Council will meet again in October and vote on the recommendation. If it is then approved by the state Department of Commerce and Insurance, the reduction will take effect March 1, 2019, and will mark the 10th straig...