Idaho Reduces Workers’ Comp Rates An Average of 3.7%
Idaho Department of Insurance Director Bill Deal announced
that the state’s workers’ compensation premium rates will be
reduced by an average of 3.7 percent for 2008.
“This decrease points out the stability of workers’ compensation coverage in Idaho,” Deal said. “It also shows that Idaho employers are doing an excellent job of providing safe workplaces for their employees.”
The new rates were recommended by the National Council on Compensation Insurance, a rating and advisory organization that collects annual data on worker’s compensation claims for the insurance industry. According to the NCCI, the workers’ compensation system in Idaho is in strong shape and well-administered, the DOI said. The new rates will become effective Jan. 1, 2008.
Source: DOI
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
- DraftKings Sued Over ‘Risk-Free’ Bets That Were Anything But
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability