The business community in the state of Wisconsin will benefit from lower workers comp premiums in 2020. The Wisconsin Chief Insurance Regulator annouonced back in July of 2019 that it had approved an overall 8.84% decline in premium. These Wisconsin Workers Compensation Insurance Rates were made effective as of Oct. 1st, 2019…. Read more »
Oregon Workers Comp Rates in 2020 will be declining for the 7th year in a row. Next year the declines will amount to an 8.4 percent decline compared to the previous year. In 2019, the Oregon Business Community enjoyed 9.7 percent declines. Altogether, the declines have equaled 45 percent over… Read more »
Third consecutive year of improving rates in Florida Florida Workers Comp Rates in 2020 are going down by 7.5 percent, marking the third consecutive year of declining rates. Previous recommendations from the National Council on Compensation Insurance (NCCI) were for a decline of 5.4 percent. This decline marks the third consecutive… Read more »
Idaho Workers Compensation Rates again head in the right direction The Idaho Department of Insurance as of October 2019, has approved a proposal for a 6.2 percent overall rate decrease to Idaho Workers’ Compensation Insurance. This decrease goes in to effect on Jan. 1, 2020. Before this announcement, Idaho Workers Compensation was… Read more »
California Workers Comp Rates 2020 are going to be declining for the fifth straight year. The average of the Jan. 1, 2020, advisory pure premium rates are $1.58 per $100 of payroll. If adopted, this would be the ninth consecutive pure premium rate decrease since 2015 totaling roughly 45 percent. This… Read more »
In 2019 Nevada Workers Compensation Rates will be Some of the Lowest in the Country Effective the first of March, 2019; Nevada Workers Compensation Rates will be 8.1% lower than the previous year. This is great news because rates on coverage were already the 46th most expensive state for purchasing… Read more »
Utah Workers Compensation Rates 2019 The Utah Workers Compensation System is different from the way other states administer the ‘Exclusive Remedy’. The business community benefits from these differences in the form of some of the lowest rates for workers comp premium in the United States of America. In the state… Read more »
5 years of Continued Declines for Louisiana Workers Compensation Rates 2019 Starting on May 1st, 2019 the Business Community will be saving 5.6 percent on average for Louisiana Workers Compensation Rates 2019. Louisiana Insurance Commissioner Jim Donelon said, “Rates have had a cumulative drop of 19 percent over the last… Read more »
See What is Contributing to The Improvements in The Indiana Workers Compensation System Workers Compensation Rates in the state of Indiana are declining in 2019. The amount they are declining is by an average of 7.6 percent. The Indiana Department of Insurance approved the rate decrease in October. The savings… Read more »
See how this decline will impact the North Carolina Business Community In the year 2019, North Carolina Businesses will be paying an average of 17.2% less for workers compensation insurance premium. This is in addition to a 12.5% decrease in 2017 and 8.5% decrease in 2016. According to Mike Causey,… Read more »