The Idaho Department of Insurance has proved a 4.2 percent drop in workers’ compensation insurance rates effective Jan. 1, 2019.
The proposed rate change comes from the National Council on Compensation Insurance, and is a function of declining claim costs, according to the department.
“The change in the 2019 workers’ compensation rates reflects an improvement in our state rating factors, including a slight decline in both the frequency of claims for lost work time, and the average cost of those claims,” Department Director Dean Cameron said in a statement.
Was this article valuable?
Here are more articles you may enjoy.
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
More Insurance M&A Deals on the Horizon? 
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
Married Massachusetts Insurance Brokers Plead Guilty to Defrauding Clients of $750K 
