Vermont's top insurance regulator has approved a call by the National Council on Compensation Insurance (NCCI) to cut average loss costs for the voluntary market by 13% and slash assigned-risk rates by an average 9.6% effective April 1.Paulette Thabault, commissioner of the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) said in a news release Friday the reductions represent the deepest cuts in workers' compensation premiums since 1997.A spokesman for the agency said carriers still must win approval for loss-cost multipliers, which include each carr...
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