The Illinois Division of Insurance has approved a 0.1% increase in the advisory rate for workers’ compensation insurance in Illinois for 2005—that’s one-tenth of 1 percent.
For comparison’s sake, the department said in a statement, consider that the Consumer Price Index increased 2 percent.
After adjusting for inflation, the 2005 rate actually represents a 37 percent decrease since 1990 and Illinois has more insurance companies writing workers’ compensation policies than any other state in the country, says the state’s Industrial Commission.
Topics Trends Pricing Trends Illinois
Was this article valuable?
Here are more articles you may enjoy.
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
Renewals for Most Commercial Lines Decrease in May, Says Ivans 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
