The Missouri Department of Commerce and Insurance recommended on Thursday a 1% increase in workers compensation insurance loss costs for 2021 — the first recommended increase in six years.
The department attributed the slight increase to a 0.5% increase in experience, trend and benefit changes and a 0.5% increase in loss-based expenses. According to the department, the National Council on Compensation Insurance also proposed an overall loss increase of 1% for policies effective Jan. 1, 2021.
NCCI’s loss costs changes by industry group include a 1.1% decrease in contracting, but a 1.4% increase in manufacturing, a 2.3% increase in office and clerical, a 1.7% increase in goods and services, and a 0.9% increase in miscellaneous industries.
At the end of fiscal year 2008, Laox, a duty-free shop familiar to visitors to…
Under the high-priced medical system in the United States, international students are most afraid of…
Marsh, the world's leading insurance broker and risk management expert, released the "Global Insurance Market…
AMA Past President David O. Barbe, MD, MHA, a family physician from Mountain Grove, Missouri,…
Auto insurance, who needs it? Well, everyone does. Everyone operating an automobile is required to…
With many Mainers going without health insurance and an unemployment crisis throwing even more off…