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 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Carriers Workers' Compensation Talent
Was this article valuable?
Here are more articles you may enjoy.
State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing 
Former Progressive CEO Renwick, 69, Dies 
Hacker of App Used by Trump Aide Stole Data From Across Government 
Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies 
