Maine’s Insurance Bureau says workers’ compensation rates will decrease by an average of 7 percent.
Insurance Superintendent Mila Kofman said this month that an industry request for a decrease has been approved. It will lower rates in 2010 by an average of 7 percent.
Kofman said the decrease reflects employers continued efforts to promote safety in the workplace. Kofman said claims have been declining faster than increases in medical and indemnity costs for each claim.
While many employers will see a rate reduction, some businesses will experience an increase.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results 
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report 
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches From This Issue
