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.
California Again Delays Wildfire Protection Rules for Homes 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
Baldwin Group to Buy CAC Group for About $1B in Cash and Stock 
State Farm Sued Over Policies Backed by Distressed Insurer PHL From This Issue
