Maine’s Insurance Bureau says workers’ compensation rates will decrease by an average of 7 percent.
Insurance Superintendent Mila Kofman said Monday that an industry request for a decrease has been approved. It will lower rates in 2010 by an average of 7 percent.
Kofman said the decrease reflects employers continued efforts to promote safety in the workplace. Kofman said claims have been declining faster than increases in medical and indemnity costs for each claim.
While many employers will see a rate reduction, some businesses will experience an increase.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
