The National Council on Compensation Insurance, an advisory rating organization for companies that offer workers’ comp insurance, is asking state regulators for an average rate decrease of 2.2 percent in Maine next year.
The filing credits improved safety efforts on job sites for making the decrease possible.
Acting Insurance Superintendent Eric Cioppa says workers compensation claims are decreasing faster than increases in medical and indemnity costs.
If approved, the new rates will reduce premiums by about $5.5 million.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Carriers Talent Workers' Compensation Maine
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Hancock to Retire as Head of General Insurance 
AI Data Centers Are on Track to Fuel ‘Explosive’ Growth in Captive Insurance 
New York Law Confirms Insurer Liability for Bad Faith Includes Third-Party Claims 
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts 
