With a median rate index of 2.35 per $100 of payroll, Illinois has the seventh highest average workers’ comp premium rate of all U.S. states, according to the 2014 Oregon Workers’ Compensation Premium Ranking Study. The national median index rate is 1.85 per $100 of payroll.
The good news, however is that in 2010, Illinois had the third highest average premium rate.
In its annual report for FY 2014, dated June 16, 2015, the Illinois Workers’ Compensation Commission also shows the following:
Company | % Market Share | Premium Written ($000 omitted) | % Change | ||
2014 | 2013 | 2014 | 2013 | ||
Travelers Prop Cas Co of Amer | 3.41 | 3.43 | $93,866.9 | $92,045.9 | 1.98 |
Zurich Amer Ins Co | 3.27 | 4.09 | 89,948.1 | 109,937.1 | -18.18 |
Technology Ins Co Inc | 2.70 | 2.62 | 74,414.9 | 70,432.5 | 5.65 |
Country Mut Ins Co | 2.34 | 2.21 | 64,312.3 | 59,401.1 | 8.27 |
Acuity A Mut Ins Co | 2.29 | 2.35 | 62,946.4 | 63,214.1 | -0.42 |
Pekin Ins Co | 2.00 | 1.96 | 54,944.1 | 52,609.1 | 4.44 |
American Zurich Ins Co | 1.96 | 1.52 | 53,968.8 | 40,948.1 | 4.44 |
Insurance Co of the West | 1.93 | 1.84 | 53,155.6 | 49,327.1 | 7.76 |
Riverport Ins Co | 1.62 | 1.48 | 44,658.3 | 39,711.9 | 12.46 |
Federal Ins Co | 1.51 | 1.60 | 41,585.0 | 42,962.6 | -3.21 |
Accident Fund Gen Ins Co | 1.49 | 1.08 | 41,050.9 | 29,004.6 | 41.53 |
West Bend Mut Ins Co | 1.42 | 1.27 | 39,225.6 | 34,211.6 | 14.66 |
Travelers Ind Co Of Amer | 1.40 | 1.48 | 38,503.9 | 39,799.6 | -3.26 |
Continental Ind Co | 1.33 | 0.99 | 36,648.1 | 26,553.3 | 38.02 |
Liberty Mut Fire Ins Co | 1.31 | 1.42 | 36,089.6 | 38,034.2 | -5.11 |
Phoenix Ins Co | 1.16 | 0.87 | 32,022.6 | 23,423.9 | 36.71 |
Carolina Cas Ins Co | 1.14 | 1.03 | 31,329.3 | 27,558.6 | 13.68 |
Accident Fund Ins Co of Amer | 1.12 | 1.06 | 30,857.6 | 28,497.9 | 8.28 |
Lm Ins Corp | 1.11 | 1.21 | 30,693.3 | 32,482.2 | -5.51 |
Cincinnati Cas Co | 1.10 | 1.44 | 30,346.4 | 38,683.5 | -21.55 |
Hartford Ins Co of Il | 1.09 | 0.68 | 30,076.2 | 18,201.1 | 65.24 |
Liberty Ins Corp | 1.07 | 1.41 | 29,496.5 | 37,890.9 | -22.15 |
Twin City Fire Ins Co | 1.02 | 2.02 | 28,169.4 | 54,367.3 | -48.19 |
Owners Ins Co | 1.02 | 1.02 | 27,957.0 | 27,323.4 | 2.32 |
New Hampshire Ins Co | 0.99 | 1.35 | 27,228.0 | 36,215.5 | -24.82 |
Total ($000 included) | 40.80 | 41.44 | $1,123,494,880 | $1,112,837,336 | 0.96 |
Source: Illinois Department of Insurance