Iowa’s top insurance regulator has approved a rate filing that increases workers’ compensation premium rates in that state beginning Jan. 1, 2013.
Insurance Commissioner Susan Voss OK’d a filing by the National Council on Compensation Insurance Inc., which initially proposed a 7.9 percent increase beginning Jan. 1. An amendment proposed a 3.9 percent rate increase beginning Jan. 1 for new and renewed polices with effective dates between Jan. 1 and June 30, 2013.
Policies with July 1 and later effective dates will receive the overall 7.9 percent rate increase as originally proposed.
Was this article valuable?
Here are more articles you may enjoy.
Worsening Weather Igniting $25 Billion Weather Derivatives Market 
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court 
China Construction Bank Sued in US Over Reinsurance Fraud Losses 
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech From This Issue
