Michigan businesses will see their pure premium rates for workers’ compensation insurance drop in 2008 by more than 4 percent.
Private insurance carriers use the pure premium rate to compare their rate structure for workers’ compensation coverage for the coming year. Next year’s drop is part of a downward trend over the past decade. During that time the average rate has dropped nearly 36 percent.
Keith Cooley, the director of the Michigan Department of Labor and Economic Growth, says the drop is a positive sign for the state’s business climate.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Workers' Compensation Michigan
Was this article valuable?
Here are more articles you may enjoy.
GEICO Avoids Class Action Over Totaled Vehicle Payouts in New Jersey 
Viewpoint: Reinsurance Market to Experience Further Softening, M&A on Ample Capacity 
Private Credit Investors Clash Over £36 Billion BHP Dam Collapse Litigation 
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
