Missouri Workers’ Comp Insurance Costs Could Drop
The Missouri insurance department is recommending a reduction in the premiums charged to businesses for workers’ compensation insurance.
The department is recommending a 4.4 percent decrease in insurers’ “loss costs” for 2015. Those loss projections typically are used by insurers when setting rates.
Department Director John Huff says the reduction is due to a decrease in medical claims costs, a decline in large losses in 2012 and a downward trend in the frequency of claims for lost time at work.
The state’s recommended reduction is slightly more than had been indicated in a report three months ago by the National Council on Compensation Insurance.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Warren Buffett’s PacifiCorp Now Faces $30 Billion Fire Claim Demand
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- ‘Fearless Girl’ Lawsuit by State Street Settles on Eve of Trial
Popular This Month