In local news:

Commissioner of Insurance Jim Donelon announced yesterday that NCCI has proposed a 2.7 percent overall loss cost decrease for Louisiana, expected to take effect May 1st, 2016. According to the release, this loss cost reduction would mark a cumulative drop in workers’ compensation rates of 38 percent since 2006 and a 51 percent drop since 1996. Last year’s approved NCCI filing was a 2.4 percent reduction.

Read the full release here.

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