Comp loss costs to decrease 5.3% in Missouri in 2025
- May 24, 2025
- Posted by: Web workers
- Category: Workers Comp
The fourth consecutive reduction, workers compensation loss cost rates will decrease by an average of 5.3% in Missouri starting Jan. 1, 2025, The Missouri Department of Commerce and Insurance announced.
The National Council on Compensation Insurance said the reduction is based on favorable trends such as a continuing reduction in lost-time claims and improved loss experience and premiums.
“While indemnity and medical severity both increased moderately in 2022, loss ratios continue to decrease,” NCCI said. “Accordingly, lower trend factors were applied in this filing. The proposed loss cost level change also includes an update to the loss-based expense component, along with a factor to reflect the inclusion of assigned risk experience.”
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