Mo. Employers Mutual Lowers Workers’ Comp Base
Missouri Employers Mutual said recently the average workers’ compensation insurance base rate will decrease by 5 percent for new and renewal business, starting Jan. 1, 2006.
The workers’ comp insurer cited the company’s performance and an anticipated positive impact of the workers’ comp law changes on the cost of insurance as the main reasons for the reduced rates. It said the company’s loss experience is better than the industry average, attributing it to fewer claims.
Columbia, Mo.-based MEM is a mutual insurance company. It has offices in Kansas City, Springfield and St. Louis.
Popular Today
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- Beyond the Claim: How Social Canvassing is Transforming Insurance Fraud Detection
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
Popular This Month
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs