Mainda Approves Smaller Decrease Than What NCCI Had Recommended

Tennessee's insurance commissioner has bucked something of a trend and approved an average loss cost decrease figure that's smaller than what rating agencies had recommended. The National Council on Compensation Insurance in August recommended a 9.5% overall decrease for the Tennessee voluntary market for 2020, but revised that to 8.2% in October after new medical cost data became available. Tennessee's Workers' Compensation Advisory Council urged just a 4% decrease. Commissioner Hodgen Mainda, who took office Oct. 1, came down somewhere in the middle and approved a ...