Arizona workers compensation carriers have filed for a 7.9 percent rate increase to take effect Oct. 1, 2008, according to the National Council on Compensation Insurance.
By industry group, the rate increase would include a 6.2 percent increase for manufacturing; 6.7 percent increase for contracting; 3.2 percent increase for office and clerical; 9.1 percent increase for goods and services; and 13.7 percent increase for miscellaneous.
In a countrywide comparison, Arizona has low average loss costs, rates and annual benefits per employee, NCCI said.
For more information, visit https://www.ncci.com/documents/SAF_AZ.pdf.
Source: NCCI.
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