Proposal Could Lower Some Colo. Work Comp Premiums

August 20, 2004

Representatives of the Colorado Insurance Division are reviewing a proposal that could cut workers’ compensation insurance premiums for some employers.

The National Council on Compensation Insurance, a rating and advisory organization, has filed for an average decrease of 4.5 percent in workers’ compensation insurance loss costs for Colorado beginning Jan. 1.

The state insurance division has set a public hearing on the proposal Sept. 21 at its office.

If it is approved, some employers would see a decrease in workers’ compensation insurance premiums, Insurance Commissioner Doug Dean said Wednesday. The impact to the premium as a result of the filing would be a 3.4 percent decrease.

The NCCI collects annual data on workers’ compensation claims for the insurance industry.

Copyright 2004 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Was this article valuable?

Here are more articles you may enjoy.