Kansas Insurance Commissioner Ken Selzer says about 65,000 businesses in the state will pay less for workers’ compensation coverage next year.
Selzer said he has approved lower rates proposed by the National Council on Compensation Insurance, a national group that analyzes workers’ comp data and files proposed rates in a majority of states.
Selzer said rates will decrease by 11.6 percent for Kansas businesses obtaining their insurance in the marketplace and 10.4 percent for companies that participate in a state plan for high-risk businesses.
Insurance Department spokesman Bob Hanson said the decline in rates can be partly attributed to a drop in high-cost claims.
Topics Workers' Compensation Kansas
Was this article valuable?
Here are more articles you may enjoy.
Insurer Rolls Out Policy to Protect Data Centers Against Growing Backlash 
AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims 
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies From This Issue
