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.
South Carolina Jury Finds Store Owner Not Guilty of Murder in Shooting of Teen 
Renewals for Most Commercial Lines Decrease in May, Says Ivans 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
