Posted on October 23, 2007 by David McCranie

Office of Insurance Regulation Orders 18.4% WC Rate Reduction for Employers

I wrote here about the 10/8/2007 hearing before the Office of Insurance Regulation regarding NCCI's proposed rate reduction of 16.5% for workers' compensation insurance for 2008.  Now, in this order dated 10/22/2007, Commissioner Kevin M. McCarty has rejected that proposed reduction and has ordered an 18.4% reduction instead.

 

You can read the Office of Insurance Regulation's press release here.

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