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 This material may not be published, broadcast, rewritten or redistributed.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 Workers' Compensation Talent
Was this article valuable?
Here are more articles you may enjoy.
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Kansas Man Sentenced for Insurance Fraud, Forgery 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims 
