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.
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
