trending Market Intelligence /marketintelligence/en/news-insights/trending/VX2UZ-i3L1ZDY-mIf9x-eA2 content esgSubNav
In This List

Missouri regulator, NCCI propose 3.5% drop in workers' comp loss costs for 2019

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Missouri regulator, NCCI propose 3.5% drop in workers' comp loss costs for 2019

The Missouri Department of Insurance and the National Council on Compensation Insurance recommended a 3.5% decrease in workers' compensation insurance loss costs in the state for 2019.

The National Council on Compensation Insurance proposed an average decline of 2.4% for manufacturing; 6.3% in contracting; 3.7% in office and clerical; 4.2% in goods and services; and 0.2% in miscellaneous industries.

The 3.5% decrease in loss costs between Aug. 1, 2018, and Jan. 1, 2019, was driven by declining lost-time claim frequencies combined with stable average claim costs, according to a news release. Insurers are not required to change their rates in 2019.

The recommendations would apply to policies effective Jan. 1, 2019.