NCCI plays a critical role in maintaining a healthy workers compensation system in many ways, including filing loss cost and rate recommendations with state regulators for review and approval. For over a decade, the prevailing direction of loss costs and rate changes has been downward.
Stakeholders often ask:
In light of potential headwinds, could this downward trend be reversing?
While the pace of loss cost and rate declines has slowed in recent years, the bottom line is that modest decreases are still expected. That said, there are potential variables which could disrupt this trend.
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Loss Cost and Rate Changes: Will There Be a Turn?
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