On Jan. 21, 2025, TN INS workers' comp rate will decline for 12th consecutive year.
TN INS reported that on Dec. 27, 2024, Commissioner signed order approving a 3.6% overall loss cost decrease for voluntary market starting Mar. 1, 2025, on new/renewals
On Jan. 22, TN INS stated workers' comp rates to decline 11th year.
TN INS reported workers' compensation insurance premiums will decline for the eleventh consecutive year in 2024, with the lower rates available to most businesses.
Background
On Dec. 30, 2023, Commissioner Carter Lawrence signed order approving a 9/4% overall loss cost decrease for the voluntary marketing beginning Mar. 1, 2024.
Premiums and workplace injuries have decreased as TN INS reformed Workers Comp.
Since Tennessee’s Workers’ Compensation system reforms began in 2014, Tennessee employers have seen substantial savings with these loss cost reductions.
Effectiveness
Decreased rate becomes effective Mar. 1, 2024.
Jan. 2025 TN INS Workers' Comp Rate Decline
On Jan. 21, 2025, TN INS workers' comp rate will decline for 12th consecutive year.
TN INS reported that on Dec. 27, 2024, Commissioner signed order approving a 3.6% overall loss cost decrease for voluntary market starting Mar. 1, 2025, on new/renewals
Regulators
TN INS
Entity Types
Corp; Ins
Reference
PR, 1/21/2025; Ord 24-039, 12/27/2024; PR, 1/22/2024; Ord 23-076, 12/30/2023;
