Council Trims NCCI's Rate Cut, Recommends 14% Drop

Tennessee employers may have been expecting an early Christmas present this year after the National Council on Compensation Insurance recommended one of the largest rate decreases ever, but a Tennessee advisory council is taking a slightly more cautious approach. After the NCCI in August recommended what some officials had called an “amazing” 19.1% rate reduction for the voluntary and assigned risk market, the Tennessee Workers’ Compensation Advisory Council last week went with a 14% decrease instead.  The advisory council, part of the state Tr...