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 This material may not be published, broadcast, rewritten or redistributed.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 Maine
Was this article valuable?
Here are more articles you may enjoy.
Bessent Says Hormuz Ships Insurance Program to Start Soon 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
P/C Underwriting Income Up $40B in 2025, Say Verisk and APCIA From This Issue
