NCCI has recommended a 7.9 percent loss cost decrease for the voluntary and assigned-risk markets in Mississippi at the state’s Advisory Forum. The recommended rate cut follows 2015’s 3.2 percent decrease for the voluntary market and 1.6 percent decrease for the assigned-risk market. In 2014, rates increased 3.8 percent for both the voluntary and assigned-risk markets. Mississippi’s combined ratio was 95 percent in 2014, an improvement from 101 percent in 2013 and 104 percent in 2012.
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