After five years of rate reductions, some of which have reached double-digit percentages, the National Council on Compensation Insurance has filed for loss cost decreases in Missouri and Kansas that some might consider downright microscopic.
The 1.6% decrease in Missouri and the 4.5% reduction in Kansas for the voluntary market has some employers wondering if the decline in claims frequency seen across the country since 2010 is now reaching its limit.
“We've realized significant decreases in recent years, so maybe things are finally slowing down a little bit,” said Dan Mu...
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