Workers compensation insurance rates will again dip in most states in 2018 as claims frequency declines and workplace safety continues to improve, two trends experts are crediting for the double-digit rate decreases proposed and enacted over the past several weeks.
“It’s nothing new this year; it’s a continuation of what we are seeing,” said Jeff Eddinger, Boca Raton, Florida-based senior division executive for the National Council on Compensation Insurance. “Last year of the 38 states where NCCI makes the filings, 36 of them were for decreases (and) a lot of them, double digits.” view article