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.
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs 
Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks 
Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies From This Issue
